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.
The International Solar Alliance (ISA) is starting to make tangible progress after several countries agreed to support commissioning of a study on a common risk mitigation mechanism (CRMM) for PV generation.
