ENERGY.
Pula Energy Solutions (PES) is a US-based development company that finances, permits, builds, owns and operates sustainable energy and infrastructure projects in Sub-Saharan Africa (SSA). Many SSA countries have significantly undersized power sectors, leaving millions without access to power and reliant on expensive, hazardous and unreliable forms of power generation.
PES’s goal is to partner with companies and SSA countries to implement sustainable and cost-effective power solutions to rapidly expand generation and transmission capacity, resulting in vastly improved access to electricity that is environmentally sound.
Sub-Saharan Africa Energy Outlook & Perspective
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Only 24% of Africans have electricity or (More than 620 million people in the region (two-thirds of the population) live without electricity)
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Total installed capacity is 68 GW, equivalent to Spain’s
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730 million Africans use hazardous forms of cooking, threatening public health
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Africa’s population to double by 2050
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Power costs triple what other developing countries pay
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Emergency power costs 2-5x what US consumers pay
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Daily power outages cost the region 2.1% of GDP annually
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Rampant drought devastates hydropower output
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Renewable energy accounts for over 58% of new global generation additions annually,
a 38% increase from a decade ago -
By 2030, 50% of global generation capacity will come from renewables
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By 2050, it will increase to 73%
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Solar will account for 50% of global power in 2050
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Solar PV prices have fallen 80% since 2008
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Deployment has grown 50% every year for the past five years