Still struggling with investment costs
PV incentives in Africa: High investment costs remain a major barrier to scaling up solar PV technology in Africa. But the challenge has not dampened efforts by some countries in the region to seek ways of generating additional electricity from this sustainable source. According to EPIA, the LCOE for solar PV has reached the retail price of electricity in several African countries.
Africa’s PV potential of slightly more than 6,500 terawatt hours and the need to increase electricity supply by an additional 250 GW by 2030 have triggered changes in regulatory frameworks and financing policies in some of the countries on the continent. Currently an estimated 600 million people in Africa have no electricity and the region’s …
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