According to a recent article from Fitch Solutions, there will be
an increased focus on grid-scale investment in North Africa in
2023 and beyond.
The International Renewable Energy Agency (IRENA) outlined North Africa to have some of the highest technical potential for green hydrogen production based on renewable potential and the cost of electricity.
According to the European Council on Foreign Affairs, development finance institutions have a critical role to play in improving
access to energy in North Africa, especially by enabling more electrification of household energy and finance for rooftop energy solutions.
The North African battery market is expected to rise at a CAGR of more than 9% between 2019 and 2027, driven by theincreasing adoption of renewable energy inthe region and rapidly growing telecom anddatabase sectors.