With a population exceeding one billion people and an estimated combined economy of USD1.5 trillion, Africa presents huge opportunities for investors, developers and operators across the renewable energy sector.
Activity in the sector continues to grow rapidly with countries such as Kenya and Ghana adding hundreds of MW of increased production.
Legal reforms in energy markets such as Kenya, Angola and Botswana underline Governments’ drive to provide legislative support for the ambitious renewable energy sector initiatives. In Kenya, for example, the enactment of the Energy Act, 2019, will open up the market to other distributors and retailers of power. There have also been recent adjustments to tariffs offered under the Feed-in-Tariff Policy to reflect reduction in the cost of equipment and enhanced technological output.
To help navigate the sector, IKM, together with other DLA Piper Africa firms have updated the DLA Piper: Africa Renewable Energy Guide. The new guide covers five additional countries, taking the total to 17 and looks at all aspects of the renewable energy sector. The Kenyan Chapter is contained in pages 59-70 of the Guide.
We hope that you will find it useful. Please feel free to contact us about any aspects of the renewable energy market.
Click here for a copy of the Guide.