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Africa's Geothermal Power Sector Set To Overtake Europe

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By 2050, Rystad Energy expects geothermal power generation capacity in Africa to expand to 13 GW, more than double the expected 5.5 GW of installed capacity in Europe.

Africa’s geothermal sector will attract at least $35 billion in investments by 2050, showing the critical role geothermal is set to play in meeting the continent’s rapidly growing energy demand. Rystad Energy’s latest projections reveal this significant investment will see Africa’s installed geothermal capacity surpass Europe by the end of the decade.

International expertise and technical assistance have helped contribute to the growth of East Africa’s geothermal sector, in turn fostering the development of domestic expertise. Kenyan companies such as the Geothermal Development Company GDC and Kenya Electricity Generating Company KenGen are playing key roles in helping neighboring countries establish their geothermal industry. Kenya and Ethiopia will lead the growth of Africa’s geothermal sector, accounting for close to 90% of total capacity.

 

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