Whilst African solar is still firmly an emerging market, investors have confirmed that issues remain with development finance, insofar as it is holding back the market from truly taking off. Whilst development finance institutions (DFIs) are a crucial part of allowing the market to find its feet, the continent’s economic infrastructure needs to move beyond the realm of development finance for commercial financiers to be enticed.
Breaking up Eskom’s monopoly in South Africa’s power market is not the answer to signing the outstanding PPAs under the country’s renewable energy procurement programme, a representative from the Department of Energy (DOE) has said.
SunEQ signs PPA for 5MW Namibia project, India's Pune Metro plans 17MW solar, Adani Green Energy no longer Adani subsidiary, Cuba to get 4.4MW PV project
A total of 12 bidders have been prequalified following the Request for Qualifications (RFQ) for Zambia’s second round of Scaling Solar tenders for up to 300MW of PV projects.
The Ivory Coast plans to build a 25MW solar PV plant in the north of the country in Benguébougou, Korhogo, which will be one of the first solar plants in the country.
Djibouti, Cote d’Ivoire, Somalia and Ghana have signed a framework agreement to join the International Solar Alliance (ISA), while Comoros is expected to sign and submit its ratification instrument today.
Emerging market project developer, owner and operator Access Power has announced the shortlist of winners for financing under its Access Co-Development Facility (ACF) fund, with solar forming the largest share of projects.
