Namibia’s mines minister, Tom Alweendo, says Africa’s sustainable energy goals require over US$200 billion annually, yet current investments are a mere US$25 billion.
Writing on his LinkedIn page on Tuesday, Alweendo said the underinvestment in African renewables is just one aspect of a larger problem.
“The West continues trying to stifle investment in African fossil fuel projects. There are calls to abandon exploration for natural gas, a cleaner alternative to other fossil fuels,” he said.
According to Alweendo, the shortfall in investments and Africa’s rapidly growing population demands immediate action to ensure energy security.
The minister also said natural gas helps Africa bridge the energy gap, powering businesses and creating opportunities while expanding its renewable energy infrastructure.
He added that a balanced plan is crucial to address climate concerns and the continent’s urgent energy needs.
“Transitioning exclusively to renewables overnight is a laudable goal. However, it lacks a viable execution path in our context,” he said.
The minister said Namibia embraces clean energy, evidenced by the bold green hydrogen initiatives.
“However, while these projects are in operation, the following facts persist – despite the vast solar potential, Africa contributes only 1% of global solar power generation.
He also said significant, sustained investment is crucial for Africa to realise its renewables potential since the current funding falls far short of the target.
