Color LogoLoading...

🌍 Feed

✍🏿 Compose

Picture feature: Africa's leading geothermal energy producer

#energy and natural resources
#energy
Africa's geothermal potential is huge, particularly in the Rift Valley, which extends from the Horn of Africa to Malawi. In East Africa alone, the potential capacity is over 20 GW. Kenya is the leading producer of geothermal energy in Africa and aims to produce over 50% of its power from geothermal energy by 2030.

Thuku Kariuki, bird story agency


Africa's geothermal potential is huge, particularly in the Rift Valley, which extends from the Horn of Africa to Malawi. According to the United Nations Environment Program and the Infrastructure Consortium, the geothermal potential capacity for eastern Africa is more than 20 GW. 


Kenya is the leading producer of geothermal energy in Africa and is ranked among the top ten in the world. The country currently generates 799 megawatts (MW) from geothermal steam, which is found deep underground in the Rift Valley but aims to produce over 50% of its power from geothermal energy by 2030.


The world's largest geothermal power producer is the United States, with 3,794MW, while Iceland, which produces 99% of its electricity from renewable resources, uses geothermal for 20% of its energy needs. Geothermal accounts for over 40% of Kenya's power.


The Olkaria Geothermal Power Plants, which is the largest geothermal power complex in Kenya, is owned and operated by Kenya Electricity Generating Company (KENGEN)


According to Cyrus Karingithi, the Resource Development and Infrastructure Manager at Kengen, drilling and generating power from a single geothermal source can cost up to US$6 million.


The first geothermal plant in Kenya was built 42 years ago with a capacity to generate 45 MW of power. The country now aims to increase the amount of geothermal to supply over 50% of its power needs by 2030.


bird story agency

Top comments(0)

SEND

You may like this too...

Bird Story Agency

Despite a dip in overall funding levels, the continent is witnessing a marked increase in the number of ventures securing $1 million or more.
Apr 10, 2024

Bird Story Agency

Mozambique doubles down on growth with Africa's first dual benchmark rate cuts in 2024 as currencies across the continent score gains against the greenback.
Apr 5, 2024

Bird Story Agency

From ranking as the world’s worst-performing currencies in 2023, the Kenyan shilling and Nigerian naira have made significant progress. They are now among the best-performing currencies in the world for 2024, raising hopes for a lower cost of living in these countries.
Apr 2, 2024

Benjamindada

Explore how Leatherback's collaboration with YES BANK is revolutionizing remittances by enabling seamless Indian Rupee transfers worldwide, fostering economic growth and cultural exchange between India and Africa.
Mar 26, 2024

TechCabal

Access Bank's acquisition of National Bank of Kenya (NBK) marks a significant move in its East Africa expansion strategy, valued at around $100 million, pending regulatory approval. 📈💰
Mar 21, 2024

TechCabal

Nigeria's Access Bank strengthens its presence in Kenya with the acquisition of the National Bank of Kenya from KCB Group, marking its second Kenyan acquisition in recent years. 🌍💼
Mar 20, 2024

TechCabal

Nigeria's Securities and Exchange Commission (SEC) proposes a substantial increase in the minimum paid-up capital for virtual asset service providers (VASPs) to ₦1 billion, aiming to reshape the crypto landscape.
Mar 18, 2024

TechCabal

Chipper Cash, a prominent fintech company, announces layoffs and salary cuts after suspending its services in the US, highlighting a strategic shift towards focusing on its African markets.
Mar 16, 2024

TechCabal

Despite economic challenges fueled by hyperinflation and sanctions, Zimbabwean startups are resilient and forging ahead. Learn how they navigate funding constraints, access markets beyond borders, and embrace alternative financial technologies.
Mar 15, 2024

Bird Story Agency

Nongcebo Langa fell in love with wine after a chance encounter with a winemaker at a fair. She went on to study the craft at South Africa’s renowned Stellenbosch University and her passion and mastery of the industry’s technical processes has resulted in her creating award-winning wines, like the 2022 Delheim Gewürztraminer.
Mar 12, 2024
Home
Business Hub
Market Hub
You
By signing up you agree to ourTerms|About us|Market Hub|Business Hub|Deals Hub