IFC announces $150m credit line, with focus on African solar
Egypt’s Elsewedy Electric, which has developed solar and storage projects on its home continent, has secured a new financing package, according to International Finance Corp.
Solar LCOE may drop to $0.018/kWh in Africa by 2030, says IEA
The International Energy Agency’s latest “Africa Energy Outlook” report says grids will need to be expanded, along with natural gas exploitation, if everyone in Africa is to have access to electricity by 2030. On the solar front, the document predicts a levelized cost of energy of $0.018/kWh to $0.049/kWh by 2030 – cheaper than wind power or gas.
Cheaper wholesale solar equipment through $10m group-buying fund in Nigeria
Two investors backed by the charitable foundations set up by energy giants have seed-funded the cash pot to lend to African solar companies, who will be able to buy solar kit cheaper thanks to the economies of scale offered by the aggregation of orders.
African solar installers feel the pinch of rising panel prices
With Chinese manufacturers having warned they will pass on escalating component costs, and shipping expenses soaring since last summer, the rising price of solar is forcing some installers to redraft quotes, pv magazine has discovered.
Azuri to roll out PayGo Solar to 20,000 Nigerian households
The British provider of the pay-as-you-go off-grid solar system has commenced the installation of its home systems across Nigeria, with the aid of the country’s Niger Delta Power Holding Company.
Interview: Bringing solar power to West Africa with Off Grid Electric
CEO of Off Grid Electric Xavier Helgesen discusses the company’s goal of bringing solar power systems to three million West Africans and explains how off-grid solar is gaining wider acceptance as a “real” power source that can transform local economies.
