The African continent is going green in a big way.
A new report reveals major African nations are moving to renewable energy to solve their power supply problems.
The study by market trends analysts Timetric, showed Nigeria leading the way in biomass and solar, South Africa in wind, DR Congo in hydroelectric and Kenya in geothermal project investment.
The study showed African nations had an estimated $413 billion (£280 bn) of power project investment planned or underway with renewables making up a huge slice.
Solar and biomass projects in Nigeria account for $32.9 billion (£22bn) and $1.2 billion (£800 m) respectively, making the country the leader of the 21 countries studied in these sectors.
Solar energy is also being promoted through locally developed projects, allowing investors to receive a feed-in-tariff return by selling power to the grid.
The increase in hydropower projects across Africa is lead by DR Congo with $11.2 billion (£7.5m) going into new plants. This is driven by the abundance of rivers and government strategies to move away from fossil fuels.
The Inga Power Plant in DR Congo is planned to be more than twice the size of the world’s largest hydroelectric power plant, the Three Gorges Dam in China and will deliver 4,800MW capacity .
Wind power projects are dominated by South Africa, followed closely by Morocco, Egypt, Kenya, Tanzania and Ethiopia.
Neil Martin, of Timetric CIC said: “The developing countries in Africa are showing high growth in their economies but can only sustain this by creating reliable and sustainable power generation. Solar, hydroelectric and wind schemes figure largely in many African countries’ power generation strategies.”