Can solar energy reduce energy costs in Somalia?

The simulation results using PVGIS revealed that the solar PV installation in Somalia produced two-fold the energy amount compared to PVs installed in Germany. Hence, RE, such as solar energy, can reduce electricity costs and the negative environmental impacts .

Can PGIS-Solargis be used to estimate solar energy yield in Somalia?

The PVGIS-Solargis database can be used to estimate PV energy yield for various locations in Somalia, demonstrating the potential of solar energy in the region. Fig. 12. The estimated monthly electricity generation and recorded PV generation in the Bacadweyne site. 8. Discussion of key findings

Does Somalia need a high-speed diesel generator?

Somalia relies mainly on high-speed diesel generator sets for electricity generation, using 121,000 L of diesel daily. This is expected to increase to 694,000 L by 2024 due to rapid urbanization [39, 40]. RE is a viable option for long-term energy development.

What are the top exports of Somalia in 2023?

In 2023, the top exports of Somalia were Sheep and Goats ($377M), Gold ($315M), Documents of title (bonds etc) and unused stamps ($81.8M), Other Animals ($74.7M), and Bovine ($43M). The top destinations were United Arab Emirates ($360M), Saudi Arabia ($283M), Oman ($180M), Djibouti ($84.2M), and India ($30.9M).

How much money does Somalia export?

During the last five reported years, the exports of Somalia have increased by $545M from $400M in 2018 to $945M in 2023. The most recent exports are led by Sheep and Goats ($377M), Gold ($315M), Other Animals ($74.7M), Bovine ($43M), and Dried/Salted/Smoked/Brined Fish ($20.7M).

Is Somalia a good country for re-investment?

According to the energy statistics, Somalia can be the most prosperous country in Africa regarding RE adoption as it is primarily warm and dry throughout the year [55, 56]. Moreover, the Somalia RE market has some of the highest prospects in Africa and global markets.