A new report by Power Shift Africa highlights the transformative potential of a renewable energy transition across the continent by 2050. The study estimates savings of up to US$5 trillion and the creation of over 2 million jobs by transitioning to 100% renewable energy. It outlines how Africa’s energy capacity could grow from 80 gigawatts in 2023 to 3,500 gigawatts by 2050, driven by vast solar and wind resources.
The economic case is strong. Although the renewable infrastructure investment would total US$7.3 trillion, it would yield US$8.3 trillion in fuel savings, avoiding US$22 trillion in fossil fuel costs. Job creation is also significant, with clean energy employment potentially rising from 350,000 to 5.3 million, surpassing the 3.2 million jobs expected under a fossil-based scenario. The report highlights decentralised renewable systems as a key strategy for increasing electricity access, particularly for the 600 million Africans currently without power and the 720 million living far from grid infrastructure. These systems are described as faster, more affordable, and socially inclusive.
To support this transition, Power Shift Africa recommends financing strategies including Just Energy Transition Partnerships, debt relief, reallocating Special Drawing Rights, and compensation for climate-related losses and damages. Given that Africa contributes only 3% of global emissions, the continent is well-positioned to demand climate justice and play a leading role in the energy transition. This shift aligns economic opportunity with sustainability, positioning Africa as an actor in a just and green global future.
