Solar Power Plant. Photo from Unsplash.
Investment risks and opportunities, disruptive technologies and public private partnerships will be top of the agenda for the event hosted in Uganda at the end of the month.
by Alessandro du Besse’ – Tech Editor
May 24, 2023
Although Sub-Saharan Africa boasts 60% of the world’s solar resources, it currently only hosts 1% of the global solar PV capacity. In the area, 600 million people lack energy access – over 50% of its population. The region is crucial to the acceleration of the renewable energy transition and it is at a turning point.
Falling construction costs, an abundance of solar irradiation, and a buzzing investment climate are the recipe for success. Renewable energy additions will overshadow fossil fuel-based energy this decade. Recent figures show that over $20 billion has already been invested in solar. According to recent projections, there will be a doubling of energy investments by 2030.
The exchange of knowledge and network is more critical than ever, so Solarplaza – the global platform for network & knowledge sharing in the PV industry – and GOGLA – the voice of the off-grid solar industry – with the support of the Uganda Ministry of Energy and Mineral Development, are proud to join forces again to organize the 5th edition of the Unlocking Solar Capital Africa conference in Kampala, Uganda on 31 May and 1 June.
The event will bring together international and local solar developers, investors, and policymakers to unlock finance and develop bankable projects that are key to securing Africa’s clean energy future.
Furthermore, the program will gather leading local renewable energy associations, e-mobility, distributors, mini-grids, investors, and technical advisors that will discuss:
- Challenges such as the flexibility and reliability of the grid to expand growth in the region
- Affordability for end-users
- Latest capital pathways to support the industry’s healthy growth
- Full range of technologies and applications like utility-scale plants, mini-grids, small-scale off-grid installations, battery storage
- Innovations in financing, software tools, and design
To join the discussion about the future of solar energy in Sub-Saharan Africa simply click here.
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This article was originally published on IMPAKTER. Read the original article.