A sound and supportive policy and regulatory framework is a core building block for a successful renewable energy deployment and is necessary to attract investments and build constructive partnerships between public and private actors (PPPs).
The RES4Africa Foundation, in collaboration with AFRY Management Consulting, carried out the study What Does It Take to Accelerate Renewable Energy Investments in Africa? to identify potential paths of policy and regulatory reform to accelerate Africa’s sustainable energy transition.
The analysis applies the investors’ perspective in performing preliminary assessments of countries’ preparedness to accommodate private investments in new renewable energy capacities, notably wind and solar, identifying the fundamental elements to create an enabling regulatory environment:
- Market Openness: the required legislation and regulatory texts that ensure a fair market participation, good RE development planning and long-term visibility to investors.
- Market Attractiveness: the required legislation and regulations that ensure competitive development and implementation of RES projects.
- Market Readiness: the required technical regulations to ensure efficient integration and management of increasing RES capacities in national power systems.