ASCEND ANALYTICS RELEASES NEW ERCOT MARKET REPORT

West Africa s new market for solar photovoltaic panels
The West Africa solar PV panels market size is estimated to reach USD 844.27 million by 2030, registering to grow at a CAGR of 31.9% from 2025 to 2030 according to a new report by Grand View Research, Inc. Growing concerns over energy conservation and transition from non-renewable sources of energy to renewable sources are projected to surge the demand for solar energy and panels over the estimated period. [pdf]FAQS about West Africa s new market for solar photovoltaic panels
Does South Africa have a solar PV market?
South Africa has seen a transition from the utility scale solar PV market towards the residential, commercial and industrial (RCI) market segments. The South African Photovoltaic Industry Association (SAPVIA) estimates that more than 1200 MW of Small-Scale Embedded Generation (SSEG) solar PV projects have been installed across the RCI markets.
How many solar panels were installed in Africa in 2024?
2.4 GW of new solar capacity was installed in Africa in 2024. South Africa and Egypt continue to be leading the pack, but new emerging markets are stepping up. While this is a slight decrease from 2023, the shift reflects a broader regional market transformation.
Who sells solar panels in South Africa?
In South Africa, Canadian Solar has sales and technical support and works with SegenSolar to provide product training across the country. Its PV panels are particularly well suited to the harsh environment and extreme temperature ranges common in the region.
Does Africa have solar power?
Africa holds vast solar potential, with 60% of the world's best solar resources, yet solar PV currently accounts for only 3% of the continent’s electricity generation. As global efforts intensify to triple renewable energy capacity by 2030, Africa’s role in achieving this target is more critical than ever.
How much does solar cost in Africa?
Capital costs for solar are 3 to 7 times higher in Africa than in developed countries, and the continent only receives 3% of global energy investment - fare from the $200 billion per year needed to achieve energy access and climate goals.
What role does solar play in Africa's growing electricity demand?
As a low-cost, flexible and localized energy source, solar will need to play an important role in powering the continent's growing electricity demand. With new electricity-intensive industries such as renewable hydrogen and e-mobility on the rise in Africa, the demand for solar will also rise.

Norway s new outdoor power supply market
As Oslo positions itself as Europe's green capital (seriously, they've got more EVs than trolls in folklore), the demand for sustainable outdoor power solutions has skyrocketed by 47% since 2022 [1]. Modern outdoor energy storage systems have evolved faster than a moose spotting tourists. [pdf]FAQS about Norway s new outdoor power supply market
Does Norway have hydropower?
Hydropower accounts for most of the Norwegian power supply, and the resource base for production depends on the precipitation in a given year. This is a significant difference compared to the rest of Europe where security of supply is mainly secured through thermal power plants, with fuels available in the energy markets.
Why is the power market important in Norway?
The power market in Norway was deregulated in 1991, when few countries had market-based power systems. The market is now a fundamental element of the Norwegian power supply. Electricity prices provide long-term investment signals and play an important part in short-term balancing of supply, demand and transmission.
How much power does Norway produce a year?
In a normal year, the Norwegian power plants produce about 156 TWh. In 2021, Norway set a new production record with a total power production of 157.1 TWh. In 2022, there was low levels of water inflow to the reservoirs, and the total power production was 146.1 TWh.
How much power does Norway produce in 2021?
In 2021, Norway set a new production record with a total power production of 157.1 TWh. In 2022, there was low levels of water inflow to the reservoirs, and the total power production was 146.1 TWh. Hydropower accounts for most of the Norwegian power supply, and the resource base for production depends on the precipitation in a given year.
How much power does Norway produce in 2023?
In the beginning of 2023, the power supply in Norway had a total installed production capacity of 39 703 MW. In a normal year, the Norwegian power plants produce about 156 TWh. In 2021, Norway set a new production record with a total power production of 157.1 TWh.
How do power plants in Norway work?
Many power plants in Norway have storage reservoirs and production can therefore be adjusted within the constraints set by the licence and the watercourse itself. Wind and solar power are intermittent; electricity can only be generated when the energy is available.

Kazakhstan s new outdoor power supply market
Explore Kazakhstan's power market with a comprehensive report detailing its structure, historical and forecasted capacity, generation, and consumption up to 2035. Discover regulatory frameworks, competitive landscapes, and major power plants. [pdf]FAQS about Kazakhstan s new outdoor power supply market
How many power plants are there in Kazakhstan?
Electricity in Kazakhstan is generated by 233 power plants of various forms of ownership. As on 01 January 2025 the total installed capacity of power plants in Kazakhstan was 25,314.2 MW and available capacity is 21,034.6 MW. Power plants are classified into: nationally significant power plants, industrial power plants, regional power plants.
How has Kazakhstan's energy infrastructure deteriorated?
Aging infrastructure and electricity losses Kazakhstan’s energy infrastructure has deteriorated, with over a third of power plants showing 70–90% wear and tear. This includes critical facilities such as combined heat and power (CHP) and state district power plants (GTPP), which have struggled to maintain consistent supply.
What are the different types of electricity market in Kazakhstan?
The electricity market has two levels, wholesale and retail, and the heat power market has only a retail level. Electricity generation in Kazakhstan is carried out mainly by private enterprises.
What is the wholesale electricity and capacity market in Kazakhstan?
The wholesale electricity and capacity market in Kazakhstan consists of: The wholesale electricity market operates on the basis of buying and selling planned electricity volumes, which are included in the daily production-consumption schedule approved by the system operator.
How will Kazakhstan's energy sector modernize by 2029?
ASTANA—Kazakhstan’s energy sector is embarking on a major modernization initiative by 2029. According to an analytical piece by Kazinform, the initiative will address aging infrastructure, tariff policies and rising demand, focusing on sustainability and equitable solutions.
Who produces electricity in Kazakhstan?
Electricity generation in Kazakhstan is carried out mainly by private enterprises. The electricity transmission system operator (TSO) is state-owned KEGOC, and 21 regional distribution companies act as distribution system operators (DSOs). The retail market is competitive, with approximately 45 companies.