Africa Clean Energy Corridor (ACEC)
The Africa Clean Energy Corridor (ACEC) is a regional initiative to accelerate the development of renewable energy potential and cross-border trade of renewable power within the Eastern Africa Power Pool (EAPP) and Southern African Power Pool (SAPP). Recent improvements in the performance and cost of renewable energy technologies favour Africa, given the continent’s vast renewable energy potential and need to address growing demand. Development of the ACEC is guided by a communiqué, endorsed during the Fourth Assembly of the International Renewable Energy Agency (IRENA) in January 2014, by ministers from Angola, Botswana, Burundi, the Democratic Republic of Congo, Djibouti, Egypt, Ethiopia, Kenya, Lesotho, Malawi, Mozambique, Namibia, South Africa, Sudan, Swaziland, Uganda, the United Republic of Tanzania, Zambia and Zimbabwe. Since then, support for the initiative has expanded, with the additional engagement of more than 30 governments, regional organisations, development partners and financial institutions. The initiative builds upon the strong political commitment of African leaders to strengthen regional institutions and transmission infrastructure, forming large competitive markets and lowering costs across production sectors. By creating a larger regional electricity market, the ACEC could attract investments to meet 40–50 percent of power needs in the EAPP and SAPP regions by 2030. The ACEC requires up to USD 25 billion per year of investments in power generation until 2030, with an additional USD 15 billion per year for grid infrastructure. Combined efforts will diversify resource availability, improve energy security and foster investment opportunities and job growth.
