Scaling up Clean Energy for Africa’s Future
Africa is engaged in an exciting energy transformation country by country, and DPA is amongst those harnessing solar power to boost business, and addressing the energy challenges in the continent through energy solutions that are easy to install and by providing financing.
In the last 3 years there has been a strong push for solar energy from the World Bank, the French Government, the UK Government and African leaders. At DPA we have taken a lead in driving the adoption of solar in Kenya, South Africa and Zimbabwe with over 45MW of deals deployed and under deployment. “Our partnerships with EDF, CDC Investee (Mettle Solar) and Royal Bafokeng demonstrate our commitment to our vision of “powering Africa to a brighter future.” Said CEO Norman Moyo. This move has been received well in Zimbabwe with the Zimbabwe Energy Regulatory Authority (ZERA) having recently reported an increase in solar power appliances imports to about US$22 million in 2019 from about US$9 million in 2017.
The biggest challenge in the adoption of renewable energy is access to affordable capital. According to a report by the International Energy Agency, renewable energy will make up almost half of sub-Saharan Africa’s power generation growth by 2040, and a budget of US$360 Billion is needed to transform the sector. This makes solar an attractive investment asset for institutional investors like pension funds, insurance funds, and sovereign funds. Distributed energy models provide one of the fastest and most effective ways to bridge the energy generation gap in sub-Saharan Africa due to the advances in solar and storage technology, and its ease of deployment.
Are you considering going green? We provide such solar solutions at zero upfront investment on a lease agreement and guarantee our customers Zero technical risk. DPA offers Asset-Co structures to allow long-term investors to secure investments that deliver sustainable, predictable income and capital growth through the power lease and power purchase models. Switch over to solar with us today on www.dpaafrica.com/#apply.