The Energy Transition in Madagascar

Madagascar is embarking on a transformative energy transition, seeking to balance its historical reliance on petroleum, natural gas, and coal with the growing potential of renewable energy sources. While fossil fuels have historically played a key role in the country’s energy landscape, Madagascar is increasingly focusing on harnessing its abundant natural resources, including solar and hydropower, to meet rising energy demands in a sustainable manner. The country’s rich solar potential, combined with its significant hydropower capacity, positions it as an ideal candidate for a more diversified and resilient energy future. Alongside its energy transition, Madagascar is also making strides in the exploration of critical minerals, including nickel, cobalt, and graphite, which are vital for clean energy technologies such as batteries and electric vehicles. By integrating ESG principles into its policies, Madagascar is ensuring that its transition is sustainable and responsible, contributing to long-term growth and regional energy integration. With a focus on renewable energy and critical mineral exploration, Madagascar is reshaping its role in the global clean energy and mineral markets. Madagascar’s critical mineral sector is key to the global clean energy transition, with abundant resources such as nickel, cobalt, and graphite. These minerals are essential for the production of renewable energy technologies, including batteries and energy storage systems. The country also produces gold, which plays a role in electronics and energy applications. As the country continues to expand its renewable energy capacity and develop its mineral resources, it is well-positioned to contribute to the regional and global shift towards cleaner, more sustainable energy solutions.