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Africa’s local renewables get an $861m boost

Source: Ministry of Investment
From the newsletter
Morocco has signed an $861 million agreement with solar energy company GPM Holding SA to establish its first polysilicon plant, a material used in the solar industry for making photovoltaic cells. This comes as Africa moves to localise production of renewable energy technologies. Around 85% of the plant’s output will be for exports.
More African countries are increasingly investing in local production industries for renewable energy to safeguard energy supply, reduce reliance on volatile global markets, and maintain reliable power access.
Egypt, Kenya, Nigeria and South Africa are among the countries with notable progress in localising renewable energy production beyond basic assembly.
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