Solar PV is, like many other renewables, a capital-intensive technology with high up-front costs. This makes solar PV projects particularly sensitive to the cost of capital and investor confidence in a country. Small differences in cost of capital can lead to large jumps in the levelised cost of electricity (LCOE).
So how can we ensure that risks are mitigated and investors confident they will see their money back when investing in solar PV in sub-Saharan Africa? How can we deal with currency, offtaker and technical risks in a way that allows projects to go forwards? And critically, how can we leverage development finance institution money to make projects across Africa viable?
For a region predicted to be at 2billion people by 2050, it is critical that we bring down the cost of financing and scale up renewables in the African sun belt.
Markus Schwaninger, CFO, ecoligo
Alexander Huppertz, Project Manager, RECP
Abraham Cambridge, Founder and CEO, the SunExchange
Stefan Degener, Managing Director & Head of Business Development Europe, Turkey & Africa, First Solar
Segun Adaju, President, REAN
Andrew Gilbert, Head of Sales Sub Saharan Africa, Jinko Solar
The Africa-EU Renewable Energy Cooperation Programme (RECP) is a multi-donor programme that supports the development of markets for renewable energy in Africa. It was launched by more than 35 African and European Ministers and Commissioners under the Africa-EU Energy Partnership (AEEP). Learn more