Power for All’s William Brent on energy trends to watch in 2021

Africa's energy sector is in need of significant investments to improve access to electricity and other forms of energy across the continent. CNBC Africa recently interviewed William Brent, Chief Campaign Officer at Power for All, to discuss energy trends and the potential impact of the Biden administration on investments in the sector. President Biden's decision to rejoin the Paris Climate Agreement is expected to drive a greater focus on renewable energy initiatives. His previous involvement in the Power Africa campaign during the Obama administration signals a commitment to bridging the energy gap in Africa. This renewed emphasis on renewable energy is not only driven by climate goals but also by geopolitical considerations. The United States is likely to increase its investments in Africa to counter China's influence and support stability in regions like the Sahel. Recent commitments from organizations like the Rockefeller Foundation and the U.S. International Development Agency indicate a growing momentum towards decentralizing renewable energy solutions and promoting sustainable investments in Africa. The continent's abundant oil resources present both opportunities and challenges in the ongoing global energy transition. While there is still a demand for oil and gas, countries worldwide are striving towards achieving net zero emissions and increasing the share of renewable energy sources. In Africa, where over 600 million people lack access to electricity, the emphasis on renewables is crucial for reaching underserved populations effectively and affordably. To boost the adoption of renewable energy in Africa, there is a need to support local energy entrepreneurs and supply chains. COVID-19 highlighted the vulnerabilities of global supply chains, leading to a push for increased investment in indigenous companies. Harmonizing state-owned utilities with private off-grid companies will be essential for scaling energy access solutions on the continent. Furthermore, aligning energy initiatives with agricultural development can drive GDP growth, job creation, and reduce costs for renewable energy solutions in Africa. The intersection of energy access and healthcare is also gaining prominence, with a focus on electrifying rural health clinics to enhance healthcare services. As the world grapples with the COVID-19 pandemic, the spotlight on electrifying rural areas in Africa has become even more critical. These trends and investments in the energy sector are poised to shape Africa's energy transition and accelerate progress towards sustainable development and universal energy access.