Renewable energy is forecast to account for almost half of South Africas cumulative installed power capacity by 2035 as government policy, strong solar and onshore wind resources and sustainability targets accelerate the countrys energy transition, according to GlobalData.
In its latest report, South Africa Power Market Trends and Analysis by Capacity, Generation, Transmission, Distribution, Regulations, Key Players and Forecast to 2035 , GlobalData projects that renewables will increase their share of installed capacity from 20,5 in 2024 to 48,5 by 2035. Over the same period, renewables share of electricity generation is expected to rise from 8,9 to 31,3.
Thermal power accounted for 72 of South Africas total installed capacity in 2024 but this dominance is expected to decline as new renewable generation is added to the system.
