Featured in Down to the wires 06-2024

Bridging Africa’s PV finance gap

African governments are being encouraged to leave fossil fuels untapped in return for Just Energy Transition Plan (JETP) finance. Can these new financing plans from Western governments achieve their ambitious aims?

By

pv magazine

10 Jun 2024

Empower New Energy is interested in investing in Senegal, which is one of the few countries to have concluded JETPs to date. | Photo: Empower New Energy

Falling component costs and attractive investment regimes have made PV projects a cornerstone of new global generation capacity but challenges remain in sub-Saharan Africa and other developing markets.JETPs are intended to wean such markets off oil and coal. Solar is set to dominate in sub-Saharan Africa, with its need for access to electricity and its …

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