Falling solar costs in Africa can drive solar boom on the continent as prices fall to $1.30 per watt for large-scale PV, and $1.90 per watt for mini-grids, finds new IRENA report.
The International Renewable Energy Agency (IRENA) has today published a report outlining how tumbling solar costs are making PV one of the cheapest means for powering many parts of Africa.
The report, titled Solar PV in Africa: Costs and Markets, finds that solar home systems now meet the annual electricity needs for off-grid households in Africa for just $56 per year – which is already below the cost of traditional off-grid power sources such as diesel and kerosene, and prices are continuing to fall.
