Outbreak of stable development over the next four years under the African photovoltaic market potential business exceeds $7 billion

Solar photovoltaic (pv) net news: the personage inside course of study says, although COVID - 19 outbreak spread in Africa weaken the confidence of investors, but industrial and commercial pv projects seem to have been keep in a stable condition.

one of South Africa called & other; 太阳交流” Solar lease platform's founder and executive Abraham for the first time. Cambridge, said in February to may this & other; Throughout the outbreak peak &; The company is the most busy period. The four years, company has completed the 31 this year 11 in commercial and industrial solar installation project. “ This time last year, solar equipment, we are just beginning our seventh solar project. ”

the enterprise provides a allow any public platform for individuals to buy solar panels, and then to South Africa's community construction. The platform is developing rapidly, at the end of this month of funds attracted $4 million round of financing. Mr. Sid. Hazen, Africa is located in London renewable energy fund, general manager of the fund in this round of funding to provide $3 million of the money. He says although the global economic outlook are low, but investors realize soberly, clean technology provides a great opportunity. In Africa, investors for off-grid pv and pv showed a strong interest in industry and commerce, especially the transaction without an interview. “ From the point of view of project development and trade execution, photovoltaic (pv) grid, a new epidemic more influence to power grid investment, because such projects need to rely on more face-to-face contact with project partners. ”

solar installation company in South Africa IMPower, chief executive of jay. Narra chandrababu naidu ( Jay Naidoo） Said, like Sun Exchange platform, to help offset the local company because facing new crown outbreak led to the decrease of the number of installed.

　　“ We lost a considerable amount of the order, in order to defense the outbreak of the new champions league blockade measures is the direct cause. We cancelled, however, most of the orders are based on the need to capital spending solutions, solar panels, for the intention of the zero cost model is increased. ”

the prospect of renewable energy investments in Africa and other development prospects in the field of energy across the continent in stark contrast. A report according to the technology of ecological research AfricArena, across Africa technology investment will have fallen sharply this year. The agency estimates that may inflows into Africa technology start-ups to fall from $2 billion in 2019 to $1. 8 billion to $1. 2 billion. According to the most pessimistic assumptions, technology investment to return to 2019 levels until 2022.

according to the market intelligence BloombergNEF and GreenCape, Sun Exchange estimates that from 2019 to 2024, solar panels, commercial and industrial solar energy market potential in sub-saharan Africa could exceed $7 billion. This is totally different from the United States and other developed market: distributed photovoltaic projects in the photovoltaic industry has become the region, part of the biggest hit.

but in Africa, faced with tough economic conditions, with the declining cost of photovoltaic power generation, energy utility costs increase and people's understanding of business and industry distributed deepened, which prompted investors are more willing to sign a long-term energy agreement, after the outbreak of the era of economic pressures are zero capital spending further enhance the pv leasing the attraction of the solution.

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