A paradigm shift towards renewable energy finance for Sub-Saharan Africa?
Sub-Saharan Africa is one of the most promising future markets for renewable energy projects in the coming decades. There is a significant effort from project developers and investors to enter the market but huge obstacles hinder the realisation of such projects. For this reason, Allianz Climate Solutions and the Project Development Programme (implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit under the German Energy Solutions Initiative of the German Federal Ministry for Economic Affairs and Energy), hosted a workshop in Berlin to discuss possible financing models for CAPEX-free operator models for photovoltaic projects in Ghana and Kenya.
The need for discussion and exchange between investors, project developers and financial institutions as well as policy makers was identified as crucial in order to successfully develop and implement responsive solutions to the upcoming challenges in emerging markets like the Sub-Saharan region.
This blog addresses possible ways of rethinking the transaction process and developing tools for renewable energy projects which could be a step forward to respond to the challenges of emerging markets.
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