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.
Recently, PV Tech sat down with David Zhao, senior vice president at Sungrow Power Supply and president of the company’s PV & storage division, to gain an insight into the company’s market expectations for 2017, notably outside China, and understand key market and technology trends within the APAC and South East Asia regions, areas that have been key to its continued growth in recent years.
Spanish IPP Alten Energías Renovables has won the tender issued by NamPower, Namibia's state electricity company, to develop, construct and operate what will be the largest PV project in Namibia and Sub-Saharan Africa outside of South Africa.
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.