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The Africa Renewable Energy Market in Southern Africa is expected to grow at a CAGR of more than 6% in the forecast period of 2020-2025. The increasing power demand and efforts to electrify the majority of the population in countries like Madagascar, Zambia, and Zimbabwe are expected to drive the market for renewable energy in the forecast period. Upcoming projects in countries like South Africa and Mozambique are expected to create significant opportunities for renewable energy companies. On the other hand, lack of acceptance in countries like Malawi, Madagascar, and Botswana and high installation costs for renewable energy projects are a few restraining factors for the growth of the market.

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