Africa
With a power score of 1.27, Somalia ranks number 96 among Emerging Markets and number 36 in the Africa region
Power score
1.27/5
Score over time
2021 - 2024
Somalia has a power score of 1.27, which puts it at rank 96 in the Emerging Markets power ranking. In comparison to 2023, Somalia has improved in the power rankings by 2 places, from rank 98, to rank 96.
At 1.27, the power score of Somalia is worse than than the regional average of 1.8 in the Africa region and puts it at rank 36 in the region.
Somalia implements policies in 3/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, and Renewable Energy Certificates.
The average electricity price in Somalia has increased from 79.42 USD/MWh in 2022 to 80.09 USD/MWh in 2023. Since 2017, the average electricity price in Somalia has fluctuated between 78.75 USD/MWh (2021) and 80.09 USD/MWh (2023).
The top amount of capacity installed in Somalia in 2023 was in Oil & Diesel at 65.91%.
The top amount of electricity generated in Somalia in 2023 was in Oil & Diesel at 91.35%, down from 92.27% in 2022. The technology with the biggest increase in electricity generated in 2023 was PV at 8.2%, up from 7.27% in 2022.
Investment in clean energy in Somalia was around $1.76 million in 2023, an increase of Infinity% from 2022 ($ million). Between 2018 and 2023, the highest investment in clean energy was in 2020 at $13.23 million, while the lowest was in 2018 with $1.40 million.
Which segments of the power sector are open to private participation?
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Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
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Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
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Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
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Does the government significantly�increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
For more information on best practices and climate action, explore the NetZero Pathfinders project by BloombergNEF.