07 Nov '17, 5pm

What Is the Business Case for Energy Storage in Africa?

All in all, new financing models will be needed for all kinds and sizes of energy storage in Africa. Commercial banks and other financing institutions together with project developers have started trying new ideas. Some projects will definitely prove educative too. Charafi, of the International Finance Corporation (IFC), told AEF for example that IFC is currently working on the development of the first large-scale grid-connected battery storage facility in Africa, albeit he declined to provide more details. The storage sector will learn from these cases. For off-grid projects specifically, the case will need a greater innovative effort in financing and business management. But as Boesmans, of ENGIE Africa, told the Forum: developments are driven by cost reduction and this is going to continue.

Full article: http://www.renewableenergyworld.com/articles/2017/11/what...

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