Comparative analysis of renewable energy investment strategies: India and China's Involvement in Africa

Abstract

This study contrasts the efforts made by China and India to promote investment in renewable energy.  It examines how African countries' choices and policies affect the continent.  Through community assistance, education, and training, India aims to foster South-South cooperation.  To increase sustainability and expand access, the plan prioritizes small- to medium-sized projects, solar systems, and micro grids that have been authorized by the International Solar Alliance.  As the US concentrates on alternative energy, China uses the Belt and Road Initiative (BRI) to expand its hydropower, solar, and wind projects while building large infrastructure through state-owned enterprises.  The study looks at the factors that affect these investments and the potential effects they may have on Africa's economy, ecology, and energy. Although China is making significant investments in regional energy, some people are worried about the environmental impact and the debts. India encourages participation at the local level and seeks to engage in negotiations with several stakeholders. This study aims to demonstrate how Africa may benefit from equitable cooperation between China and India by examining their rivalry. It also emphasizes how crucial it is to research the resource ties between China, India, and Africa.