In Africa, surging investments in renewables have dramatically slashed costs.
For instance, according to the International Renewable Energy Agency (IRENA), solar photovoltaic (PV) costs have plummeted by over 80% since 2010.
With expanding wind and solar capacity, green hydrogen is emerging as a game-changer—offering a cleaner alternative for high-intensity industries like steelmaking and shipping. European nations are scrambling for Africa’s green hydrogen, striking deals to tap into the continent’s vast wind and solar potential for export.