Why should the Gambia invest in solar energy?

To match the rising demand and to provide sustainable and accessible energy to all Gambians, the potential for solar energy investment is immense in The Gambia. The government of The Gambia seeks to increase RE’s contribution to 40% from 2% presently in the coming years.

How much solar power does Gambia have in 2022?

According to the International Renewable Energy Agency (IRENA), Gambia only had 2 MW of installed PV capacity at the end of 2022. Gambian utility Nawec recently started building a 23 MW solar project in Jambur, in Gambia's West Coast Region.

Does the Gambia have a demand tailwind?

The Gambia‘s absolute electricity consumption and per capita consumption have been steadily increasing since 2000 demonstrating the country‘s demand tailwinds. This trend is expected to continue in the near-term with a rising population and the continued expansions of businesses.

Is the Gambia a safe country?

The country is one of the safest and politically stable countries in Africa and has attracted over $830m in FDI since 2003. The Gambia has a young and talented labor force of an estimated 774,000 people. Business & investments have rapidly scaled up triggering an increasing need for electricity which exceeds the available domestic capacity. 35%

Is the Gambia a peaceful country?

The Gambia is one of the safest and most peaceful countries in Africa with a high degree of political stability. In the most recent Global Peace Index, it finished #5 in Sub-Saharan Africa out of 44 countries.

Is the Gambia a good country?

The Gambian workforce is one of the country’s principal assets, arousing considerable enthusiasm among business-people, both foreign and domestic. The country is one of the safest and politically stable countries in Africa and has attracted over $830m in FDI since 2003. The Gambia has a young and talented labor force of an estimated 774,000 people.