According to the International Energy Agency (IEA), Global energy investment is projected to reach an all-time high of $3.3 trillion in 2025, with $2.2 trillion flowing into clean energy, double the funding for fossil fuels.
While this signals a major shift toward renewables, Africa continues to be left behind, receiving just 2% of global clean energy investment despite its vast potential and urgent energy needs.
China remains the dominant player, accounting for nearly a third of global clean energy spending. Meanwhile, Africa, home to 20% of the world’s population, has seen total energy investment drop by a third over the past decade. The continent’s underfunding threatens its ability to harness solar, wind, and critical minerals needed for the green transition.
Solar power leads global investments, set to hit $450 billion this year, followed by battery storage at $65 billion. However, grid infrastructure, essential for stable electricity, remains underfunded at $400 billion annually, risking energy security.
The IEA highlights the need for international public finance and private capital to bridge Africa’s funding gap. With rich mineral reserves and vast arable land, the continent could become a hub for renewable energy, sustainable agriculture, and green mining.
Nonetheless, this is if African stakeholders take charge of their clean energy transition, supporting SMEs, and encouraging local partnerships. Additionally, stronger global collaboration is key to ensuring the continent isn’t left in the dark.
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