Does Gabon have a power market?

However, Gabon also has a large share of electricity being generated through fossil fuels. With the declining production of oil and gas, the country may increase its import, which is expected to restrain the growth of the Gabon power market.

Will foreign investment drive the growth of the Gabon power market?

Foreign investment is expected to drive the growth of the Gabon power market over the forecast period. The Gabon power market is fragmented. The key players in this market (in no particular order) are Eranove SA, Genser Energy Holdings Inc., China Gezhouba Group Company Limited, Engie SA, TBEA Co. Ltd, and others.

Will Gabon power market grow by 2027?

Gabon Power Market is poised to grow at a CAGR of 3.4% by 2027. The increase in the capacity of renewables to decrease the carbon footprint is likely to create an opportunity for renewable energy companies.

What drives Gabon's power sector?

The country’s power sector is expected to be driven by the investment of foreign players for the construction of new power plants during the forecast period. However, Gabon also has a large share of electricity being generated through fossil fuels.

What are the major market trends shaping the Gabon power market?

This section covers the major market trends shaping the Gabon Power Market according to our research experts: Hydroelectricity is one of the major sources of electricity in Gabon. In 2021, the country’s installed hydropower capacity was 331 MW. However, the country still relies on the import of electricity.

How much electricity does Gabon use?

Hydroelectricity is one of the major sources of electricity in Gabon. In 2021, the country’s installed hydropower capacity was 331 MW. However, the country still relies on the import of electricity. In 2021, it imported 550 GWh of electricity from foreign grid lines to fulfill its electricity requirement.