Olivia Carballo is managing director in the emerging market alternative credit team at Ninety One.
In rural locations across Africa, renewable energy infrastructure such as hydroelectric dams, wind turbines and solar panels have been developed at impressive speed over the last ten years.
However, despite an increase in renewables production, the energy is unable to benefit communities and businesses plugged into national grids due to the lack of battery storage systems.
Powering Nigerian developers’ laptops, fuelling Ugandan taxi drivers’ electric boda bodas, or refrigerating Senegalese researchers’ vaccines will require tremendous amounts of power supply. But the benefits of renewables will only be realised if the right infrastructure is in place.
The financing of utility-scale battery storage systems, which remains a nascent technology in Africa, is key to ensuring that African countries secure reliable access to electricity, enabling communities to benefit from new infrastructure projects coming online.
Next-generation tech more affordable
Historically, funding for Battery Energy Storage System (BESS) has been a challenge due to the high cost of the technology. But recent advancements in battery technology efficiency signal a shift towards more affordable solutions.
The price of lithium-ion batteries, which reached a record low of $139/kWh in 2023, is set to drop further to $80/kWh by 2030, according to research firm BloombergNEF. This offers a cost-effective solution for sparsely populated areas such as rural West Africa.
Simultaneously, pumped hydro storage – which consists of two water reservoirs at different elevations that generate power as water moves between them – presents a unique opportunity in regions like Central Africa.
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Countries such as Cameroon, whose pumped-storage potential is estimated at 34 GWh, can leverage hydropower for base generation while retaining the flexibility to integrate wind and solar energy into the mix.
Another emerging innovation to increase BESS uptake is the development of battery-as-a-service (BaaS) business models, which aim to motivate residential, commercial and industrial consumers to invest in battery storage technology through a leasing model, reducing upfront costs.
This creates opportunities for electricity transmission and distribution companies to upgrade dilapidated infrastructure with BESS technology, ensuring that energy is evenly distributed to the grid while minimising capital expenditure.
Energy storage hotspot
Beyond meeting local and regional energy needs, battery storage has the potential to stimulate the growth of a strategic new industrial sector in Africa. The continent holds at least one-fifth of the world’s reserves in a dozen minerals that are critical for the energy transition, including the lithium used for electric vehicle batteries and grid-scale storage.
Strengthening local supply chains and manufacturing could position Africa as a global leader in battery technology, adding value to its raw materials through battery component production for global markets.
Golomoti’s 10MWh BESS facility – the first of its kind in sub-Saharan Africa outside South Africa – being delivered in Dedza, Malawi. (Photo: PIDG/ InfraCo)
Several African countries have shown recent interest in addressing the lack of storage capacity by joining the BESS Consortium at COP28, led by the Global Energy Alliance for People and Planet (GEAPP), in partnership with development banks including the AfDB, Africa50 and the World Bank.
Egypt, Ghana, Kenya, Malawi, Mauritania, Mozambique, Nigeria and Togo are among a group of first-mover countries committed to deploying 5GW of energy storage technology globally by 2027.
But governments cannot act alone and will be unable to achieve these ambitious targets without tapping into international pools of capital.
Private investment
Last year, the Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company managed by Ninety One, a global investment manager, invested $19 million in a 19MW solar PV and 7 MWh energy storage plant in Mozambique.
Parts of the country experience frequent and prolonged electricity outages, which constrains economic productivity and limits people’s ability to earn a living. Our funding commitments are strengthening energy storage capacity in the country’s remote Niassa region, improving access to stable power supply and catalysing more investment in local renewable energy projects.
InfraCo Africa, a PIDG company, also partnered with JCM Power to co-develop the 20MWAC Golomoti Solar plant in Malawi. The $8-million project includes a 10MWh battery storage system – the first of its kind in sub-Saharan Africa outside South Africa. By stabilising the grid, Golomoti Solar reduces the country’s reliance on costly diesel generators and hydro power, which has been disrupted by rainfall fluctuations.
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These projects provide critical battery storage facilities in countries that are often overlooked by international investors, addressing challenges raised by the intermittency of renewable power generation to enhance the resilience and stability of electrical grids in frontier markets.
BESS is essential to unlock Africa’s renewable energy potential. With its wealth of raw materials and growing interest in manufacturing capacity, the continent is primed to become a global leader in the battery storage value chain.
However, despite this potential, the sector remains underdeveloped. Investors, governments and development partners must urgently come together to ensure Africa captures the full benefits of its renewable resources, both for domestic development and as a crucial player in the global energy transition.
Ninety One is a large third-party investor in private and public credit, equities and sovereign debt across emerging markets. The Emerging Africa Infrastructure Fund (EAIF) is managed by and fully integrated into Ninety One’s African private credit investment platform. Ninety One manages the entire process on behalf of the EAIF. It markets the fund, seeks projects, evaluates loan applications, including due diligence, manages transaction administration and monitors the loan portfolio.
The post To capture renewable energy gains, Africa must invest in battery storage appeared first on Climate Home News.
To capture renewable energy gains, Africa must invest in battery storage
Climate Change
DeBriefed 19 June 2026: Bonn talks end in ‘gridlock’ | Energy’s ‘new era’ | Oceans in climate negotiations
Welcome to Carbon Brief’s DeBriefed.
An essential guide to the week’s key developments relating to climate change.
This week
Bonn talks close
‘SIDE-STEPPING AND STALLING’: UN climate talks in Bonn have ended in “gridlock”, according to Climate Home News. The outlet reported on the failure to balance developing countries’ need for climate-adaptation finance with “richer nations’ desire to move forward” on emissions cuts. It added that both topics were subject to “rule 16”, meaning no agreement could be reached and work will be pushed to the COP31 summit in Turkey. Inside Climate News quoted UN climate executive secretary Simon Stiell, who said the talks had seen “side-stepping and stalling”.
JUST TRANSITION: One “glimmer of hope” came from negotiations on achieving a “just transition”, reported Euronews. The news outlet said negotiators “made headway on operationalising the Belém-Antalya mechanism”, intended to support people in the shift to a low-carbon economy. However, Politico concluded that much of the focus in Bonn had “shift[ed] to efforts outside diplomatic talks – raising questions about the future of global climate negotiations”.
‘ATTACKING SCIENCE’: Agence France-Presse reported on the EU, Switzerland and “dozens of developing nations” warning of “attacks on science” by a “small group of fossil-fuels interests” in Bonn. Table Briefings explained that “the 1.5C target is increasingly being challenged” and the role of the UN climate-science panel – the Intergovernmental Panel on Climate Change (IPCC) – in an upcoming assessment of global climate progress “remains controversial”. See Carbon Brief’s full write-up of the talks for more detail.
US-Iran deal
PRICE DROP: The US and Iran announced that they have reached an interim agreement to halt the war and reopen the strait of Hormuz, reported Bloomberg. Oil prices have fallen, as the “long-awaited deal” began the process of “eas[ing]” the global energy crisis triggered by the conflict, according to the New York Times. The Associated Press noted that high fuel prices will “likely outlast the Iran war”.
‘OIL GLUT’: The Financial Times reported that the International Energy Agency (IEA) has forecast a “glut of oil” emerging next year, if the peace deal holds. The IEA said this would allow countries to build new strategic reserves, as they “review their energy strategies and policies in response to the crisis”, according to Reuters.
‘NEW ERA’: Agence France-Presse reported that oil and gas companies have “few illusions about a return to normal for the Gulf energy industry after more than three months of blockage”. One analyst told the newswire that the war “showed the oil and gas industry that Hormuz risk is no longer just a geopolitical headline”.
Around the world
- OCEAN MONITOR: The Trump administration is “abandoning its plan” to dismantle a $368m ocean monitoring system key for tracking climate change after a “bipartisan backlash on Capitol Hill”, reported the New York Times.
- CORAL HAVEN: The New York Times covered preliminary research, presented at the Our Ocean Conference in Kenya, suggesting there could be three times as many “coral refugia” – where corals are relatively safe from climate change – than previously thought.
- BAD CREDIT: Down to Earth reported that the first carbon credits issued under the Paris Agreement’s new Article 6.4 mechanism are “facing scrutiny over alleged links to institutions controlled by Myanmar’s military junta”.
- OIL BACKTRACK: Reuters reported that oil-and-gas company Equinor has dropped a renewable-energy target and scaled back clean investments, while another Reuters story noted that Shell is selling off its offshore wind assets.
1.1 billion
The number of children facing “at least three overlapping climate hazards”, according to a new Unicef report covered by Agence France-Presse.
Latest climate research
- Including the “permafrost carbon-climate feedback” in climate models increases the chance of exceeding “tipping elements” – such as the Greenland ice sheets, Atlantic Meridional Overturning Circulation or Amazon rainforest – by up to 50% | Environmental Research Letters
- The intensity of influenza outbreaks could decline in temperate regions, but increase in tropical areas over the next century, as the climate warms | PNAS Nexus
- European snow cover has declined by 20% for December and January since the start of the industrial era, revealing an “unprecedented ongoing shrinkage of European winters” | Communications Earth & Environment
(For more, see Carbon Brief’s in-depth daily summaries of the top climate news stories on Monday, Tuesday, Wednesday, Thursday and Friday.)
Captured
The more than 2m battery electric vehicles (BEVs), 1m “plug-in” hybrids (PHEVs) and 100,000 electric vans on UK roads are already saving drivers a total of around £3bn a year, according to new Carbon Brief analysis. This amounts to savings of more than £1,100 a year in fuel costs for each BEV driver in the UK. The analysis comes amid reports in UK media this week that the government is considering “watering down” its EV sales targets.
Spotlight
Oceans rising at UN climate talks
The state of the world’s oceans is inextricably linked to the changing climate – and many delegates at UN climate talks want to see more focus on this issue, reports Carbon Brief.
Oceans are often described as the world’s “greatest ally” against climate change – absorbing 30% of carbon dioxide (CO2) emissions and most of the heat generated by those emissions.
They are also the site of important climate solutions, such as huge offshore windfarms and the shipping industry’s transition to cleaner fuels.
At the same time, the oceans themselves present a growing danger to coastal communities and sea life due to sea level rise, marine heatwaves and ocean acidification.
These diverse issues have led to growing calls within the UN climate process for more focus on oceans. During climate negotiations this week in Bonn – known as SB64 – nations and civil society had a chance to air these views during an “ocean and climate change dialogue”.
‘Elevate action’
Oceans first entered UN climate outcomes in 2019, when the final COP25 negotiated text requested a new “dialogue” on “the ocean and climate change to consider how to strengthen mitigation and adaptation action”.
The following years saw this dialogue established as an annual event. However, the political weight of these discussions has been limited.
COP31 is being co-led by Turkey and Australia, but with Pacific islands playing a supporting role. These small islands sometimes self-identify as “large ocean states”, stressing the ocean’s centrality in their societies.
In Bonn, figures from across the presidency threw their weight behind this issue. Chris Bowen, an Australian minister and incoming COP31 “president of negotiations”, told attendees:
“Australia, Turkey and the Pacific see an important opportunity to elevate ocean-based climate action.”
Strategies and finance
The two-day dialogue in Bonn involved a series of panels, statements and breakout groups.
One of the main topics was how oceans are integrated into national climate plans under the Paris Agreement, known as “nationally determined contributions” (NDCs).
Three-quarters of the latest round of NDCs mention oceans, with conservation of “blue carbon” ecosystems the most frequently described action. (Landscapes such as mangroves can both absorb CO2 and protect coastal areas.)
Delegates also discussed alignment with the UN biodiversity process, as well as ocean finance, which currently makes up less than 1% of all climate finance.
(As discussions were taking place in Bonn, country officials also gathered in Mombasa, Kenya for the 11th Our Ocean Conference. Carbon Brief’s associate editor Giuliana Viglione attended the conference and will publish a full summary shortly.)
Developing countries were clear that many of the ocean-related actions in their NDCs would depend on receiving more financial support.
‘Political momentum’
With the backing of the COP31 presidency, delegates were hopeful about where this year’s dialogue could lead.
Charles Hamilton, an advisor for the Bahamas who spoke for the Alliance of Small Island States (AOSIS) in the dialogue, told Carbon Brief that island representatives “are not traveling thousands of miles to just talk and pat ourselves on the back”. He added:
“A dialogue that just remains a dialogue is just more talk – no action.”
Given that, he said “discussions in the dialogue must move into COP decisions and the decisions must be actioned”, noting the importance of finance.
Marina Corrêa, oceans lead at WWF-Brazil, pointed to an upcoming UN climate change Standing Committee on Finance forum as a space to ramp up pressure on ocean finance.
More broadly, she wanted to see the presidencies translate their support into a “leader-level ocean initiative” that could “mainstream” oceans across negotiations.
“We have a really interesting opportunity, in terms of political momentum,” Corrêa told Carbon Brief.
Watch, read, listen
‘HOTTER THAN HELL’: An episode of the BBC’s Rare Earth podcast titled “hotter than hell” considered the issue of extreme heat, with input from experts and “people facing up to the hottest temperatures on the planet”.
NOT BROKEN?: John Drake, a professor of ecology at the University of Georgia, wrote an essay for Aeon – also re-published as a Guardian “long read” – questioning the framing of ecosystems and climate systems “breaking down”.
ON COURSE: On his Volts podcast, US climate journalist David Roberts interviewed UK climate minister Katie White, quizzing her about whether the UK will “stay the course with its climate plans”.
Coming up
- 20-28 June: London climate action week
- 21 June: Colombia presidential runoff
- 24 June: UK Climate Change Committee progress in reducing emissions 2026 report to parliament
Pick of the jobs
- Mongabay, managing editor – Africa | Salary: Unknown. Location: Global
- Contexte, environment reporter – Brussels | Salary: €45,000-€60,000. Location: Brussels
- Climate 200, communications director | Salary: Unknown. Location: Australia
- Energy Tracker Asia, energy transition correspondent | Salary: $3,000-$4,000 per month. Location: South-east Asia (remote)
DeBriefed is edited by Daisy Dunne. Please send any tips or feedback to debriefed@carbonbrief.org.
This is an online version of Carbon Brief’s weekly DeBriefed email newsletter. Subscribe for free here.
The post DeBriefed 19 June 2026: Bonn talks end in ‘gridlock’ | Energy’s ‘new era’ | Oceans in climate negotiations appeared first on Carbon Brief.
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