Blue economy in Africa: The African Development Bank explores the continent’s off-shore renewable energy potential
The African Development Bank’s African Natural Resources Centre and the Sustainable Energy Fund for Africa have hosted the first in a series of webinars discussing the potential of Africa’s blue economy.

The webinar, held on November 23, centered around a study on the potential of offshore renewable energy in Africa commissioned by the African Natural Resources Centre as part of a series to inform policymaking, planning, and investment in blue economy strategies in Africa. The findings were presented by Linus Hammar from Octopus Ink Research & Analysis, Sweden.

The audience was treated to an analysis of the potential of the offshore renewable energy that Africa possesses, beginning with an overview of coastal and island countries and prospects for commercial development.

According to Leontine Kanziemo, Advisor on Natural Resources Management at the African Natural Resources Centre, “Offshore renewable energy can considerably support the expansion of renewable energy capacity, for coastal and island countries, while helping to lower the energy costs associated with importing fossil fuels.”