“British based company, Ncondezi Energy entered into an agreement with GridX Africa, a private power producer to form a joint venture which would specialize in installing solar mini grids for businesses and shops acroos Africa.
This new alliance emerging in the solar energy sector of Africa aims to conquer the vast potential of the African solar and energy storage market.
In particular, both companies want to supply mini-grids with batteries for businesses and businesses on the African continent. The solar industry is increasingly attracting PPPs to Africa, where businesses continue to invest in cleaner and cheaper energy.. For example, the CrossBoundary Energy investment fund and Equator Energy, designs, finances and operates solar power plants and allows companies to benefit from electricity without necessarily investing in solar power plants themselves.
Michael Haworth, President of Ncondezi says, “investors’ appetite is opening up to the solar mini-grid sector because they have now fully understood that small renewable energy projects are a regular source of income.””
read the entire article
Expo Group 24 April 2019.