South Africa is one of the stand-out green nations, making remarkable strides in renewable energy, says Christine Lins, the REN21 executive secretary.
According to the report, the $1-billion (about R15.6-billion today) investment in African renewable energy initiatives in 2004 increased to more than $12-billion in 2015/16, a growth of 58%, thanks in large part to projects begun in South Africa.
South Africa was the first country on the continent to produce a gigawatt from solar power, and its contribution to wind power generation had pushed Africa's output to more than 3 gigawatts.
Global investment in renewable energy is driven, the report states, by being both cost competitive with traditional fossil fuels and a dynamic job creator in several countries, particularly in Africa.
"Renewable generation has created 60 000 jobs in Africa, and of those, half are in South Africa," says Lins. This boost has been driven mainly by South Africa's successful Renewable Energy Independent Power Producer Procurement Programme.
The programme is projected to attract another $35-billion by 2020, according to data compiled by Bloomberg New Energy Finance.