Acacia Power LLC
Acacia Power LLC

  • Why Invest in somalia?

    “Power Africa”: Investment in Africa’s Electricity

    President Barack Obama announced a plan to boost access to electric power in the sub-Sahara and “plug Africa into the grid of the global economy.” Obama unveiled the $7 billion initiative called Power Africa to promote trade and investment on the rapidly growing continent. Will complement an additional $9 billion in private funds to double access to power in sub-Saharan Africa.  


    Africa has 15% of the world’s population, but only 3% of energy consumption. More than two-thirds of the population in Africa is without electricity. Up to 90% of Somalis have no electric power. 



    Somalia's Wind Energy

    Somalia has one of the best potential for off shore wind energy.The whole of Horn of African is suitable for wind energy. Greater than 7 m/s wind intensity is found throughout Horn of Africa. The country has good wind regimes in many places, and an almost high and stable solar radiation on all over the country (Somalia Joint Needs Assessment by UN).

     

      

    50% of Somali territory has wind speeds suitable for electric energy production (wind speeds higher than 6 m/sec).

     

    In 95% of the Somali territory, diesel powered water pumps can be profitably replaced by windmills.

    Lack of Power

    More than two-thirds of the population in Africa is without electricity. Up to 90% of Somalis have no electric power.


     Africa has 15% of the world’s population, but only 3% of energy consumption.  


    Economic return on electric generation investment project, on average, is more than 40%.  


      Somalia is two-third rural and can benefit alternative, renewable energy sources—wind, solar, and hydro.  


    Benefits

    A wind system could offer a number of benefits to consumers, such as:

    • Access to modern electrical power in areas not accessible by the grid.
    • Opportunities to develop income generating businesses (e.g. maize processing).
    • Convenience: reduced distance to walk or travel to reach alternative battery charging
    • services