More and more Nigerian families and businesses are turning to the use of solar power to meet their electricity supply needs making the country Africa’s largest small-scale solar market attracting $2.4 billion in investments for 2025.
This comes as Sub-Saharan Africa’s renewable energy market attracted $13.5 billion in investment in 2025, marking the third consecutive year the region has secured over $12 billion in clean energy capital.
In its latest Sub-Saharan Africa Clean Energy Market Outlook, BloombergNEF (BNEF) said the region’s investment momentum is being driven by surging demand for distributed solar systems, while high financing costs continue to limit utility-scale renewable energy projects in many countries, particularly Nigeria.
The report showed that while South Africa remains the continent’s dominant renewable energy destination, attracting $20.4 billion between 2023 and 2025, Nigeria ranked second with $5.4 billion, followed by Kenya at $4.3 billion, Senegal at $1.8 billion, Namibia at $1.2 billion, Angola at $993 million, Democratic Republic of Congo (DRC) at $874 million, and Tanzania at $776 million.
According to BNEF, despite a slight decline from the $13.8 billion invested in 2024, Sub-Saharan Africa has continued to demonstrate resilience as investment shifted from large utility-backed projects towards decentralised solar systems serving homes, businesses and commercial users.
Solar remained the dominant technology across the region, accounting for $10.9 billion, or over four-fifths of total renewable energy investment in 2025, it stated.
“Solar continues to be the technology of choice across sub-Saharan Africa. Of the $13.5 billion invested in 2025, solar accounted for $10.9 billion, a record for annual solar investment in the region,” BNEF noted.
The report…
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