Price & Need for reliable electric power are spurring solar sales to African businesses

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According to Bloomberg New Energy Finance (BNEF) news, a combination of high electricity tariffs, falling PV prices and a lack of reliability in the grid are spurring sales of on-site solar to business customers in Sub-Saharan Africa.
This is the conclusion of a new report by research company BNEF, commissioned by responsAbility Investments AG, assessing the potential of commercial and industrial solar opportunities in the region.
The report entitled “Solar for Businesses in Sub-Saharan Africa” finds that the commercial and industrial (C&I) solar sector in Sub-Saharan Africa is growing not because of regulatory support – as has been the case in many developed economies – but because of economics.
On-site solar power is cheaper than the electricity tariffs paid by commercial or industrial clients in 7 out of 15 markets in Sub-Saharan Africa studied by BNEF.
responsAbility-managed funds have financed the off-grid solar sector in Sub-Saharan Africa for five years, focusing primarily on residential customers. The company expects solar to be increasingly deployed on C&I sites, where it often complements diesel power generation. ——————–***——————–
Source:tinyurl.com/y5q3bgs8
Photo:www.bnef.com
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Price & Need for reliable electric power are spurring solar sales to African businesses

‘All rights go to the author of the news and image mentioned above’

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Date: Feb 15, 2019 @ 16:23

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