Energy crisis pushes solar imports above $400 million across 15 African countries in Q1

Fifteen African countries collectively spent over $400 million on solar panel imports in the first quarter of 2026, driven by an energy crisis prompting a shift away from traditional energy sources. The International Energy Agency (IEA) reported this in its 2026 World Energy Investment report, marking a significant rise from $650 million in solar imports throughout all of 2025.

This surge reflects growing concerns over energy security and reliability, prompting nations to investigate more locally sourced energy options, including renewables. Globally, investments in renewable power projects reached $665 billion annually, with solar accounting for $365 billion or roughly $1 billion daily. Wind and hydropower projects also see significant investment, at $200 billion and $75 billion annually respectively.

Despite a year-on-year decline in renewable investment since 2024 due to falling technology costs and policy changes in China and the United States, renewables still command 70% of total power generation expenditures. Africa experienced its most robust year for solar growth in 2025, with South Africa and Nigeria leading new capacity installations and private-sector investment.

Nigeria, in particular, has seen a surge in solar imports, with over four million panels valued at $200 million imported in 2023 alone. The Nigerian Electricity Regulatory Commission has proposed rules enabling solar users to sell excess electricity back to the grid, aiming to enhance returns and grid stability. While the IEA report did not specify the 15 countries contributing to the $400 million in imports, Nigeria's solar market has seen substantial activity, with policy reforms and private-sector investment playing pivotal roles.