The report claims that 1.8 GW of renewable energy capacity will be added this year, not including hydroelectric sources. Countries such as South Africa, Kenya, and Ethiopia have received $5.9 billion in investment this year and may gain $2 billion more over the next two years. This compares favorably to the average annual investment of $1 billion from 2006-2011.
This gain has been helped by a boom in small scale solar projects, which have been increasingly replacing diesel and coal generators as the power facilities of choice. Gains were also made in the geothermal and wind industries.
This report follows last month's $142 million loan to Abengoa to produce a 100 MW solar thermal plant in South Africa. Three months ago $650 was raised to create a 310 MW Kenyan wind project.
The outlook for the future remains positive, as many African nations are believed to be on pace to continue this level of renewable energy generation and added capacity, and 3.9 GW of renewable energy is expected to be added in South Africa alone over the next two years. While these numbers may be small compared to China's 11.3 GW of solar added in 2013, it shows definite growth and promise for a continent sorely lacking reliable energy infrastructure. Particularly given sub-Saharan Africa's installed capacity is 68 GW total (a number comparable to that of Spain), these numbers show promise.