Petroleum - Intelpoint

Nigeria’s renewable energy capacity grew from 2.1 GW in 2015 to 3.7 GW in 2024.
This represents a 76% increase over the decade.
The compound annual growth rate (CAGR) was 5.7% between 2015 and 2024.
From 2015 to 2020, capacity was stagnant at around 2.2 GW.
The biggest growth year was 2022, with a sharp 34.9% increase.
Capacity stagnated in 2023 at 3.1 GW before climbing again in 2024.
Nigeria’s renewable growth remains modest compared to its population size and energy demand.

South Africa’s renewable energy capacity grew from 3.4 GW in 2015 to 13.5 GW in 2024.
The country recorded a CAGR of 14.7% over the period.
The biggest annual growth was in 2016, when capacity surged by 49.2%.
Stagnation occurred in 2021 (0.8% growth) and 2023 (0.0%), reflecting project delays or policy issues.
The most recent increase was in 2024, when capacity rose to 13.5 GW, showing renewed momentum.
South Africa’s renewable energy capacity is more than three times Nigeria’s 3.7 GW in 2024.

Egypt’s renewable capacity grew from 6.2 GW in 2015 to 11.8 GW in 2024.
This represents a net increase of 5.6 GW over the decade.
Egypt recorded a 6.5% compound annual growth rate (CAGR) from 2015 to 2024.
Between 2015 and 2019, growth was very slow, with capacity almost flat.
The turning point came in 2020, when expansion began to pick up pace.
The largest jump occurred in 2022, with a 26.3% year-over-year increase.
By 2024, Egypt’s renewable capacity was more than three times Nigeria’s 2024 level of 3.7 GW.

Ethiopia’s renewable capacity grew from 2.6 GW in 2015 to 6.0 GW in 2024.
The country achieved an 8.6% compound annual growth rate over this period.
Ethiopia’s capacity is higher than Nigeria’s 3.7 GW in 2024, despite Nigeria’s larger economy.
The biggest surge occurred in 2017, with a 64.9% year-over-year increase.
Growth was steady but modest between 2017 and 2021, averaging small annual increments.
A slight dip occurred in 2023, but Ethiopia recovered to 6.0 GW in 2024.

Angola’s renewable energy capacity grew from 1.0 GW in 2015 to 4.1 GW in 2024.
Growth has stagnated at 4.1 GW for three consecutive years (2022–2024).
Angola recorded an 8.6% compound annual growth rate (CAGR) between 2015 and 2024.
The most considerable yearly increase was in 2016, with a sharp 71.8% growth.
Growth slowed to single digits after 2019, indicating a decline in momentum.
In 2022 and 2023, growth was flat at 0.0% and 0.6% respectively.
Despite stagnation, Angola’s renewable capacity in 2024 (4.1 GW) remains higher than Nigeria’s 3.7 GW.

South Africa leads Africa with 13.5 GW of renewable energy capacity, the highest on the continent.
Egypt follows closely with 11.8 GW, making North Africa a dominant player in the sector.
Ethiopia stands out in East Africa with 6 GW of renewable capacity.
Nigeria, Africa’s largest economy, ranks 7th with 3.7 GW.
The difference between the top performer (South Africa) and the lowest (Niger) is more than 6,000 times in renewable capacity.

Lagos receives the highest average monthly grid supply at 1,051 MW, accounting for 26% of national distribution.
The South West (excluding Lagos) comes second with 569 MW.
Abuja alone receives 435 MW, higher than the North Central zone at 396 MW.
The North East receives the least electricity from the grid, with only 199 MW monthly on average.
The combined total for Lagos and the rest of the South West is 1,620 MW, roughly 40% of national grid supply.

Africa’s renewable energy capacity more than doubled between 2015 (34.6 GW) and 2024 (70 GW).
Despite this growth, Africa’s global share fell from 1.87% in 2015 to 1.57% in 2024.
The decline in global share highlights that other regions are expanding renewable energy capacity much faster than Africa.
Between 2020 and 2024 alone, Africa added 18.5 GW of renewable energy capacity.
The sharpest annual increase occurred between 2022 and 2023, with capacity rising by 6.4 GW.
The percentage share of global renewable energy for Africa has consistently trended downward since 2018.
Africa’s renewable energy growth, while positive, is not yet keeping pace with the global energy transition.

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