African Mining March - April 2019 | Page 48

Africa’s energy demand increases According to projections published by the United Nations Population Division, Africa’s population has grown by 30 million people in the past year and by 2050, annual increases are expected to exceed 42 million people per year, meaning that the total population would have doubled to 2.4 billion. This translates to 3.5 million additional people per month or 80 more people per minute. The vast increase in the number of people in Africa, along with increased standards of living, puts significant pressure on the demand for affordable energy. In the past, there has been significant improvements and growth in the African economy. Africa’s per capita energy consumption is growing faster than any other continent, owed largely to increased infrastructure, investment, and political stability. Africa’s population is characterised by young people and a growing labour force. With 1.1 billion workers and rising, the continent is expected to boast the world’s largest working-age population by 2034. A progressive economy requires substantial energy for increased scale of manufacturing, provision of services, and transport. Energy remains an essential input to stimulate and ensure uninhibited economic development, driving economic productivity and industrial growth. Energy remains fundamental to the functioning of any modern-day economy. Africa is still undergoing rapid urbanisation transitions, further contributing to its economic development and energy consumption demands. More economic activity translates into higher levels of income earned and, as wealth increases, so does the demand for energy. Productivity in cities is cited as three times higher than in rural regions and the United Nations predicts that over the next decade, 187 million more Africans will reside in cities. This increase in urbanisation will see a surge in the consumption of energy by households and businesses alike, as it was reported that between 2010 and 2015, household energy consumption increased at a rate of 4.2% compounded annually. African economies are set to profit from rapidly advancing technological devices, and as the advancement of such devices unfolds, there is an increase in availability across the continent. The use of these electronic devices places further demand on the energy equation. As people become wealthier, they naturally desire more consumer goods, which subsequently utilise energy in both their manufacture and usage. The sharp increase in the demand for energy in Africa comes with many opportunities. The continent’s expanding population numbers and a growing economy on account of improved infrastructure; a young, sizeable workforce; inward investment; and increased political stability, all contribute to the energy system demand. Growing communities require additional energy to accommodate their rising numbers, as does a developing economy to support its growth through manufacturing and consumption activities. b 46 AFRICAN MINING MARCH - APRIL 2019 Africa’s demand for energy is steadily increasing and solutions to meet this growth have become a major concern among the energy sector leaders within the continent. Key factors contributing to this soaring energy demand are Africa’s ever-growing population and the continent’s accelerating economic growth. Africa’s energy future was the theme at this year’s Africa Energy Indaba. Africa Energy Indaba 2019 The Africa Energy Indaba took place on 19 and 20 February 2019, at the Sandton Convention Centre in Johannesburg, South Africa. This year marked the 11th edition of the Indaba, with the theme, ‘Africa’s energy future’. The energy gathering comprised a high-level, strategic summit and focused on various topics, including energy access, finance, renewables, and transmission and distribution. Access to energy and the rate at which Africa is realising this were among the dominant topics of the event. The International Energy Agency (IEA) has forecasted (in Africa Energy Outlook 2014) that 70% of new rural electricity supply in Africa will be provided by independent systems and mini-grids by 2040. Africa is rich in renewable energy sources, which remain the most economical approach for powering mini-grids. However, the development of mini- grids poses several barriers that must be unpacked. Challenges facing the development of private sector mini-grids in Africa comprise gaps in the policy and regulation governing mini-grids, along with deficits in market data and linkages; capacity of key stakeholders; and access to finance. Mini-grids and off-grid power projects are set to make a huge impact as Africa plays catch-up in its generation capacity. Various solutions were discussed and showcased at the Africa Energy Indaba to provide the latest insights, trends, and applications to ultimately increase energy access across the continent. www.africanmining.co.za