Frost & Sullivan report details private-investment opportunities in Southern Africa July 19, 2010 — Technology development and deployment funds for financing the growth of low-carbon technologies in sub-Saharan Africa, including funding for wind energy and solar energy projects, have been established, according to Frost & Sullivan. According to the group, more than $200 million in private-sector financing is available for clean energy projects. According to the company’s report, Financing Clean Energy Projects in Sub-Saharan Africa, the key challenges to the financing of such wind energy, solar energy, biomass and hydropower projects in sub-Saharan African countries is a lack of clarity on targets for renewable energy projects. On top of that, the sub-Saharan African countries each face their own unique challenges in terms of an underdeveloped policy and regulatory environment and a lack of funding for suitable projects. The company says a combination of private sector investment and government funding will be the key to ensuring that sufficient capital is available for financing renewable energy projects. “In spite of its potential, the sub-Saharan Africa region is yet to fully realize the significant prospects to develop renewable energy projects,” says Frost & Sullivan Program Manager, Cornelis Van der Waal. “The lack of suitable financing has been one of the key reasons for the slow progress in the development of the region’s renewable energy projects. However, policies and regulations that enhance public and private sector financing assist in shifting some of the investment costs away from the investor to the public sector.” Read more about wind energy in Africa at Wind Energy Industry Today: Kenya Wind Energy news – http://windenergy.einnews.com/kenya/ Located at http://windenergy.einnews.com, Wind Energy Industry Today is a wind energy news monitoring service from EIN News.
More from across PES
CBED installs permanent gangway on Wind Creation and signs contract for new project
CBED has signed a contract with Siemens Gamesa Renewable Energy for their new SOV, Wind Creation’s, first project as part of the CBED fleet. With this new walk-to-work project, the SOV joins commissioning an offshore wind farm in the Netherlands. The project commences end of Q2 2024 and runs for the remainder of the year,… Read more »
Fluke takes major step forward as a leader in solar solutions with the new Fluke Solmetric PVA-1500HE2 PV Analyzer
The PVA-1500HE2 PV Analyzer and I-V Curve Tracer can test up to 1500V and measure high efficiency strings up to 30A, enhancing Fluke’s ability to serve the large-scale solar utility market Eindhoven, Netherlands. 24th April 2024: Fluke, a global technology leader in the manufacture of compact, professional electronic test and measurement tools and software, has… Read more »
Jobs boost for renewable energy supply chain, report from trade body finds
90% of businesses included in the Supply Chain Impact Statement have hired new recruits to work exclusively in renewable energy 40 Scottish businesses included in Scottish Renewables annual showcase Scottish Renewables today (April 24) published the latest edition of its Supply Chain Impact Statement which has found 90% of the companies included in the report hired new… Read more »
“Made in Germany”: WAB e.V. together with innovative companies at the IPF24 in New Orleans, USA
New Orleans, April 23, 2024: The German Wind Industry and Hydrogen Association WAB e.V. will present the “German Pavilion” from April 23 – 25, represented by the Federal Ministry of Economics and Climate Protection in cooperation with the Trade Fair Committee of German Business (Stand 2143). Visit us and discuss the current topics of offshore… Read more »
CSO Marine Group partners with Crew Training Solutions to offer discounted seafarer courses
Seafarers registering for offshore roles with crewing specialists Offshore Operations will now benefit from a 10% discount on UK-based commercial seafarer courses. Crew Training Solutions, which offers a range of STCW courses from its Grimsby training centre, has partnered with CSO Marine Group to make it easier for seafarers to access new training opportunities while… Read more »
CSO Marine Group launches CSO Engineering to consolidate project engineering in Europe and the US
Offshore solutions provider CSO Marine Group has launched its project engineering operations under the brand name CSO Engineering. Born out of the engineering capabilities of Offshore Operations Ltd, CSO Engineering provides technical engineering, project management and offshore consultancy services to clients in Europe and the United States. Joshua Brennan will lead CSO Engineering as Managing… Read more »
UK’S FIRST SMART INNOVATION SUPERHUB OPENS IN SILICON BEACH TECH SUPERCLUSTER
DNV’s Energy Transition Outlook gives insights into China’s complex energy landscape and its enormous green energy shift
Renewables in Africa Announces Strategic Collaboration with Gold Ventures Investment to Empower African Startups
Trina Storage and Pacific Green sign Letter of Intent for 1,500 MWh energy storage system
Online Magazine Reader
- Solar/PV
- Wind
- China