Greenstocks took a look at some of the pivotal pros and cons of renewable energy investing in different areas in the world to give investors greater insights before placing their money in to certain places.
For Africa, some profess it is “always the market of the future.” However, progress never seems to arrive. Yet Africa has varying terrain that is ripe for exploitation of many renewable energy resources. Greenstocks continued to say, “Decentralization can also be an asset, as everything from telecommunications to household fuel builds from small nuclei of connection to larger geographic areas.” According to an April 20 article for Alternative Energy Africa (Decentralizing the Energy Mix to Push Fuel Cells), decentralizing energy to generate electricity from many small energy sources could rise with the development of multiple renewable energy technologies such as solar, wind, and fuel cells.
Major problems with African energy development include various corruption schemes/scandals, border guards, and piracy. Greenstocks suggests, “The best hope Africa has as a whole is the proposed Mediterranean renewable energy grid called TREC, which would tie North African solar and wind energy to the European grid and bring EU companies like ABB into more African nations.”
