With a power score of 2.32, Uganda ranks number 27 among Emerging markets and number 5 in Africa.
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Uganda has a power score of 2.32, which puts it at rank 27 in the Emerging Markets power ranking. The power score of Uganda 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.
Uganda implements policies in 5/8 categories tracked by Climatescope; Renewable energy target, Feed-in tariff/premium (utility-scale), Support for customer-sited generation (rooftop and self-consumption), Tax incentives, and REC'S - Renewable Energy Certificates
The average electricity price in Uganda has decreased from ~$162/MWh in 2023 to ~$160/MWh in 2024. Since 2019, the average electricity price in Uganda has fluctuated between ~$153/MWh in 2020 and ~$166/MWh in 2022.
The top amount of capacity installed in Uganda in 2024 was in Hydro at 1.71GW, up from 1.51GW in 2023.
The technology with the largest share of electricity generated in Uganda in 2024 was Hydro at 5.98TWh, up from 5.63TWh in 2023.
Investment in clean energy in Uganda was around $37.00M in 2024. This amounts to an increase of around 207% from $12.04M 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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