Genser Energy Spotlight in McKinsey’s "Green Energy in Africa" Feature Article

It is possible to address Africa’s large and growing energy needs while simultaneously transitioning to sustainable energy production on the continent.

Africa has the fastest-growing population in the world, and it is set to double by 2050 to reach more than two billion people.¹ Meeting their needs with cost-efficient, sustainable energy sources will be vital to the continent’s socioeconomic development as well as to achieving the goals of the Paris Agreement.

In walking the line between ensuring local growth and addressing the urgent challenge of climate change, the continent has an opportunity to capitalize on its rich renewable-energy resources—notably its wealth of wind, sunshine, and water. A “just transition” of this nature also opens significant prospects for investors.

This article shares our perspective on the scale of the energy capital expenditure opportunity in Africa and the nature and geographic location of the required investments.

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