Renewable Energy Market in South Africa Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers South Africa Renewable Energy Market Size & Outlook and it is Segmented by Source (Solar, Wind, and Others) and Geography (South Africa, Zambia, Mozambique, Angola, and the Rest of Southern Africa). The report offers the market size and forecasts for the renewable energy market in Installed Capacity (in GW) in all the above segments.

Renewable Energy Market in South Africa Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

South Africa Renewable Energy Market Size

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Southern Africa Renewable Energy-Market Summary
Study Period 2021 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2021 - 2023
CAGR 6.00 %
Market Concentration Low

Major Players

Southern Africa Renewable Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Southern Africa Renewable Energy Market with other markets in Energy & Power Industry

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South Africa Renewable Energy Market Analysis

The Southern Africa Renewable Energy Market is expected to register a CAGR of greater than 6% during the forecast period.

  • The increasing power demand and efforts to electrify the majority of the population in countries like Madagascar, Zambia, and Zimbabwe are long-term drivers of the market for renewable energy in the forecast period.
  • On the other hand, lack of acceptance in countries like Malawi, Madagascar, and Botswana and high installation costs for renewable energy projects are a few restraining factors for the market's growth.
  • Upcoming projects in countries like South Africa and Mozambique are expected to create significant opportunities for renewable energy companies.

South Africa Renewable Energy Industry Overview

The Southern Africa Renewable Energy Market is fragmented. Some of the major companies include (not in particular order) Vestas Wind Systems A/S, Siemens Gamesa Renewable Energy SA, Scatec Solar ASA, juwi AG, and Acciona, SA.

South Africa Renewable Energy Market Leaders

  1. Vestas Wind Systems A/S

  2. Siemens Gamesa Renewable Energy SA

  3. juwi AG

  4. Scatec Solar ASA

  5. Acciona, SA

  6. *Disclaimer: Major Players sorted in no particular order
Market Concentration-Southern Africa Renewable Energy Market.png
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South Africa Renewable Energy Market News

  •  December 2022: the sixth renewable auction in South Africa concluded with the lowest bid of USD 0.02689/kWh. South Africa selected five solar projects with a combined capacity of 860 MW.
  •  October 2022: the African Development Bank, through its Sustainable Energy Africa Fund for Africa (SEFA), sanctioned a grant of USD 2.5 million to increase renewable energy in Mozambique. The grant will strengthen the implementation of the Mozambique Renewable Energy Integration Program (MREP).

South Africa Renewable Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of Study
  • 1.2 Market Definiton
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Installed Capacity and Forecast in MW, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Source
    • 5.1.1 Solar
    • 5.1.2 Wind
    • 5.1.3 Others
  • 5.2 Geogrpahy
    • 5.2.1 South Africa
    • 5.2.2 Zambia
    • 5.2.3 Mozambique
    • 5.2.4 Angola
    • 5.2.5 Rest of Southern Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 JinkoSolar Holding Co. Ltd
    • 6.3.2 Nordex SE
    • 6.3.3 Juwi Solar Inc.
    • 6.3.4 Vestas Wind Systems A/S
    • 6.3.5 Siemens Gamesa Renewable Energy SA
    • 6.3.6 First Solar Inc
    • 6.3.7 Scatec Solar ASA
    • 6.3.8 Acciona SA
    • 6.3.9 Juwi AG
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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South Africa Renewable Energy Industry Segmentation

Renewable energy is a form of energy obtained from a source that can be replenished over time and leaves a negligible carbon footprint on the environment upon utilization. Renewable energy sources include solar, wind, geothermal, biomass, water, and tides. Renewable energy is often termed an alternative energy source as it is an alternative to fossil fuels. 

The Southern Africa Renewable Energy Market is segmented by sources such as Solar, Wind, and Others. The report covers the market size and forecasts for the region. The market sizing and predictions for the segment have been made based on Installed Capacity (in GW).

Source Solar
Wind
Others
Geogrpahy South Africa
Zambia
Mozambique
Angola
Rest of Southern Africa
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South Africa Renewable Energy Market Research FAQs

What is the current Southern Africa Renewable Energy Market size?

The Southern Africa Renewable Energy Market is projected to register a CAGR of greater than 6% during the forecast period (2025-2030)

Who are the key players in Southern Africa Renewable Energy Market?

Vestas Wind Systems A/S, Siemens Gamesa Renewable Energy SA, juwi AG, Scatec Solar ASA and Acciona, SA are the major companies operating in the Southern Africa Renewable Energy Market.

What years does this Southern Africa Renewable Energy Market cover?

The report covers the Southern Africa Renewable Energy Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the Southern Africa Renewable Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Renewable Energy in South Africa Industry Report

Statistics for the 2025 Southern Africa Renewable Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Southern Africa Renewable Energy analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.