With a power score of 2.60, South Africa ranks number 8 among Emerging markets and number 1 in Africa.
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South Africa has a power score of 2.60, which puts it at rank 8 in the Emerging Markets power ranking. The power score of South Africa is higher than the average of 1.91 in Africa.
In the chart above all geographies within the region are arranged by power score from left to right. The circles are sized based on the population.
South Africa implements policies in 5/8 categories tracked by Climatescope; Renewable energy target, Auctions/tenders (utility-scale), Support for customer-sited generation (rooftop and self-consumption), Tax incentives, and REC'S - Renewable Energy Certificates
The average electricity price in South Africa has increased from ~$90/MWh in 2023 to ~$96/MWh in 2024. Since 2019, the average electricity price in South Africa has fluctuated between ~$74/MWh in 2019 and ~$101/MWh in 2021.
The top amount of capacity installed in South Africa in 2024 was in Coal at 43.32GW, down from 43.38GW in 2023.
The technology with the largest share of electricity generated in South Africa in 2024 was Coal at 225.81TWh, up from 220.14TWh in 2023.
Investment in clean energy in South Africa was around $7.80Bn in 2024. This amounts to an increase of around 26% from $6.20Bn in 2023.
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This is the 14th edition of Climatescope, BloombergNEF’s annual assessment of energy transition opportunities in emerging markets. It highlights how the energy transition is progressing in these markets and how they are harnessing the transition to boost attractiveness to outside investors.
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