solar energy could light up africa and global businesses see opportunity - solar energy traffic lights

by:Litel Technology     2019-08-15
solar energy could light up africa and global businesses see opportunity  -  solar energy traffic lights
The simple irony is that the continent produces less carbon dioxide than anywhere else in the world, but it is the biggest loss from global warming.
The good news is that it has enough solar energy.
However, to realize its potential, it needs new sources of financing.
Indeed, Africa could be a harbinger of the future of the developing world --
Skip centralized power generation and go directly to the site or distributed power supply.
The goal is to bring electricity to 0. 5 billion people there without electricity, a major component of quality of life and economic progress.
By 2025, the World Bank Group will invest $200 billion worldwide to help developing countriescarbon future.
"While the market is still small, it has a lot of potential," Takehiro Kawahara, Chief cutting-edge power analyst at Bloomberg New Energy Finance, just nowRelease the report.
"The huge energy deficit and crumbling infrastructure make Sub-
The fertile land of solar energy in sub-Saharan Africa.
"As of November 2018, the company said that 74 MW of on-site solar power had been built in Africa, cheaper than centralized power grids --
A connected system can be provided.
Kenya and Ghana have made the most progress.
Of course, it is less than 1% of the world's total solar installed capacity.
But Bloomberg said from the current 10-
14 cents per kilowatt
5 cents per kilowatt hour
Lack of funding is a key reason why these solar projects are not launched faster.
The World Bank has provided billions of dollars in loans to dozens of projects in Africa.
The US African power initiative, which began in 2013, provided $7 billion.
Most of them are used to establish transmission lines that deliver power through centralized systems.
Greater attention to electrified has yielded results: The World Bank says the number of people receiving electricity exceeds population growthSaharan Africa.
It also said more than 700,000 solar systems were installed on site.
At the same time, African governments are working to reach 1,000 MW of all solar power generation by 2023, which will provide electricity to 56 million new users.
"Climate change is a survival threat to the poorest and most vulnerable countries in the world," said Jim Yongjin, president of the World Bank Group, it is noted that renewable energy is at the heart of its loan portfolio and electrified plans.
Of course, Africa needs to use all of its available resources to meet its energy needs.
Frankly, natural gas is expected to play its biggest role in North Africa, and according to the Africa Energy Atlas, it will provide 66,000 MW by 2022, equivalent to 45% of the total.
Solar power will account for 9% and wind power will account for 7%.
But renewable energy will be
In sub-Saharan Africa, solar energy accounts for 12%.
Natural gas will still account for 26%.
Africa is expected to grow from one to 2050.
Between 1 billion and 2 billion people, total economic output was $15 trillion
Funds for infrastructure, particularly energy and transportation.
Businesses around the world have seen potential, and they have invested tens of billions of dollars, including GE, ABB, Alstom, Siemens and Schneider.
Although the United States has come slowly, the European Union and China have flocked. Still, the U. S.
In 2013, a $7 billion African Electricity Initiative and the African Growth and Opportunity Act of 2000 were established, which gave African obligations --
Free access to thousands of USS. products. It is a non-
But it opens up the continent with US capital and closer economic ties.
K. Said: "There is a gap in infrastructure today . "Y.
Amoako, founder and president of the Center for Economic Transformation in Africa.
"About 30 countries (
54 in Africa)
There are serious problems with traffic and power generation ".
"If we can solve this problem, our gross domestic product will increase by two percentage points.
The World Bank said that in order to get money from the sideline, the investor package must include political risk insurance and enhanced credit.
For those African countries that are committed to reform, foreign investment will open new doors, a strong preference.
While countries need to protect their own people, they must also return risks --takers.
As Africa continues to make progress, the energy market will open.
At the scene, solar energy can move forward and create rich opportunities for enterprises and investors --
This development will affect the entire African continent.
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