Data post · Namibia, Democratic Republic of the Congo, Kenya

Renewables and utilities: the most exposed markets

By Invest Global ResearchPublished Updated 3 min readPublished after automated checks and an independent automated review, without a human edit
The short answerNamibia leads the Invest Global renewables and utilities exposure ranking at 75 out of 100, followed by the Democratic Republic of the Congo at 74 out of 100. Kenya scores 69 out of 100 and Sierra Leone 69 out of 100. The scores compare how large and relevant the sector is across 190 countries.

Key takeaways

The ranking

The renewables and utilities sector is defined in the model as: "Power generation from wind, solar, hydro and other low-carbon sources, plus regulated and merchant electricity transmission, distribution and retail." Of the 190 countries scored, five sit at the top. Namibia is first at 75 out of 100, the Democratic Republic of the Congo second at 74 out of 100, Kenya third at 69 out of 100, Sierra Leone fourth at 69 out of 100, and Chile is fifth at 67 out of 100.

Renewables and utilities exposure score, top five

Score out of 100
Namibia75 out of 100Democratic Republic of the Congo74 out of 100Kenya69 out of 100Sierra Leone69 out of 100Chile67 out of 100
Source: Invest Global sector exposure model. Scores compare countries and are not a measure of attractiveness, return or risk.
Chart data and sources
CountryScorePeriodSourceAs of
Namibia75 out of 100latest inputsInvest Global sector exposure score26 October 2026
Democratic Republic of the Congo74 out of 100latest inputsInvest Global sector exposure score26 October 2026
Kenya69 out of 100latest inputsInvest Global sector exposure score26 October 2026
Sierra Leone69 out of 100latest inputsInvest Global sector exposure score26 October 2026
Chile67 out of 100latest inputsInvest Global sector exposure score26 October 2026

The top five scores run from 75 out of 100 to 67 out of 100, and Kenya and Sierra Leone have the same score.

What drives the score

The model builds the score from four inputs: Renewables share of electricity generation (weight 35%); Access to electricity (weight 25%, inverted); Wind and solar share of electricity generation (weight 20%); Power sector CO2 intensity (weight 20%). The method marks access to electricity as inverted.

For the method in full: "Each score is a weighted average of percentile ranks. For every indicator, a country's latest observation (not older than 2014) is ranked against all other countries with data (mid-rank percentile, 0 to 1). Where a lower raw value signals more headroom (for example electricity access), the rank is inverted. The weighted average of the available percentiles is scaled to 0 to 100. A cell is published only if indicators holding at least 60 percent of the weight are available; otherwise the country is omitted for that sector."

On interpretation the model is direct: "The score describes how large and relevant a sector is in a country's economy and opportunity set, relative to other countries. It is not a measure of attractiveness, return or risk, and it is not investment advice."

The global backdrop

Scale tells a different story from exposure. World renewable electricity generation reached 10,717 TWh in 2025, and wind and solar alone produced 5,491 TWh. Renewables supplied 33.8% of world electricity, according to Ember's yearly electricity data.

Generation in five large producers, from Ember data: China produced 3,912 TWh, the United States of America 1,159 TWh, Brazil 650 TWh, India 501 TWh and Canada 417 TWh. None of these five appears among the top five exposure scores.

Renewable electricity generation, selected countries

TWh
China3,912 TWhUnited States of America1,159 TWhBrazil650 TWhIndia501 TWhCanada417 TWh
Source: Ember, Yearly Electricity Data. Generation measures scale, the exposure score measures relevance relative to other countries.
Chart data and sources
CountryTWhPeriodSourceAs of
China3,912 TWh2025Ember, Yearly Electricity Data23 June 2026
United States of America1,159 TWh2025Ember, Yearly Electricity Data23 June 2026
Brazil650 TWh2025Ember, Yearly Electricity Data23 June 2026
India501 TWh2025Ember, Yearly Electricity Data23 June 2026
Canada417 TWh2025Ember, Yearly Electricity Data23 June 2026

Openness to foreign investment

The OECD FDI Regulatory Restrictiveness Index covers 105 countries. The median reading among countries with a reading is 0.078 for 2025. The index is separate from the exposure score.

Open the Kenya country profile for the third-ranked country, the Chile country profile for the fifth-ranked country, and the renewables sector page for the sector overview. Country names here are examples, not recommendations.

Where this shows up on Invest Global

More on Namibia · More on Democratic Republic of the Congo · More on Renewables and utilities

Questions readers ask

Which country has the highest renewables and utilities exposure score?

Namibia leads with 75 out of 100, ahead of the Democratic Republic of the Congo at 74 out of 100. The model scores 190 countries on latest inputs.

What does the exposure score measure?

The model states: "The score describes how large and relevant a sector is in a country's economy and opportunity set, relative to other countries. It is not a measure of attractiveness, return or risk, and it is not investment advice." It ranks how large and relevant a sector is compared with other countries, using the inputs listed above.

How much of world electricity comes from renewables?

Ember's data shows renewables at 33.8% of world electricity in 2025, with wind and solar generating 5,491 TWh.

Does a high score mean a market is easy to enter?

No ranking in this article measures ease of entry. The OECD restrictiveness index is a separate measure, with a median of 0.078 among countries with a reading.

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Sources

Every figure in this article is copied from a fact pack with the source, period and retrieval date listed above. How Insights are made and our editorial policy.

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