ECOWAS Status Report - Regional Financing Sources

| 66 05 INVESTMENT GLOBAL OVERVIEW Globally, an estimated USD 214 billion was invested in renewable energy technologies in 2013, rising to USD 249.4 billion if large hydropower is included.xxiii,1 Despite this figure being below the peak investment recorded in 2011, the renewable energy sector remains an attractive market for public and private investors, and gross investment in renewables is closing the gap on fossil fuels. Overall, the Middle East and Africa attracted USD 9 billion in renewable energy investment in 2013 (down from USD 11 billion in 2012), accounting for 4.2% of the global total.2 After increasing by 228% from 2011 to 2012, the share of global renewable investments for the region remained relatively stable in 2013, declining by approximately 0.3%.3 RENEWABLE ENERGY PIPELINE Renewableenergyprojectsaregainingtheattentionofgovernment planners and project developers across the ECOWAS region. The Africa-EU Energy Partnership estimates that, including large-scale hydropower, a total of 11.6 GW of renewable energy projects is in the regional project pipeline.4 (See Figure 17.) (Excluding large hydro, the projected total is 1,171 MW.5 ) Four Member States have projected cumulative project development (including large hydro) exceeding 1 gigawatt: Nigeria (3.9 GW), Guinea (3 GW), Liberia (1.4 GW), and Ghana (1.1 GW).6 FIGURE 17 | Renewable Energy Projects in the Pipeline in the ECOWAS Region Note: No renewable energy projects in the pipeline for Cabo Verde and the Gambia. Source: Africa-EU Energy Partnership Status Report xxiii. For investment figures, large hydropower includes projects of more than 50 MW. 2972 InstalledCapacity(MW) 500 1000 1500 2000 0 6 2.6 30.3 20 63.5 26 57 191.2125 24 60 162.9 5 60147 490 837 170 247.5 91.548.7 120 530 30 60 22 36 5030 30 Small Hydro (< 30 MW) Wind Solar Hydro Biomass Benin Ghana GuineaLiberia Mali Niger NigeriaSenegal TogoGuinea -Bissau Burkina Faso Côte d’Ivoire Sierra Leone 1380 3519 500 1000 1500 2000 2500 3000 3500 4000 4500 2.630.32063.526 57191.212524 60162.95 60147490837170247.5 120530 30602236503030 13803519

Pages Overview

• Page 1
• Page 2
• Page 3
• Page 4
• Page 5
• Page 6
• Page 7
• Page 8
• Page 9
• Page 10
• Page 11
• Page 12
• Page 13
• Page 14
• Page 15
• Page 16
• Page 17
• Page 18
• Page 19
• Page 20
• Page 21
• Page 22
• Page 23
• Page 24
• Page 25
• Page 26
• Page 27
• Page 28
• Page 29
• Page 30
• Page 31
• Page 32
• Page 33
• Page 34
• Page 35
• Page 36
• Page 37
• Page 38
• Page 39
• Page 40
• Page 41
• Page 42
• Page 43
• Page 44
• Page 45
• Page 46
• Page 47
• Page 48
• Page 49
• Page 50
• Page 51
• Page 52
• Page 53
• Page 54
• Page 55
• Page 56
• Page 57
• Page 58
• Page 59
• Page 60
• Page 61
• Page 62
• Page 63
• Page 64
• Page 65
• Page 66
• Page 67
• Page 68
• Page 69
• Page 70
• Page 71
• Page 72
• Page 73
• Page 74
• Page 75
• Page 76
• Page 77
• Page 78
• Page 79
• Page 80
• Page 81
• Page 82
• Page 83
• Page 84
• Page 85
• Page 86