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SolarPower Europe and RECP team up to promote solar investment in Africa

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Wednesday, 07 September 2016

SolarPower Europe and RECP team up to promote solar investment in Africa

Africa remains one of the most difficult markets to penetrate, riddled by bankability issues and a distinct lack of the right kind of strategic partnerships. To expedite and support solar investment on the continent, SolarPower Europe and the Africa-EU Renewable Energy Cooperation Programme (RECP) have teamed up to facilitate business cooperation between African and European stakeholders. The RECP is a development programme funded by the European Commission and several EU member states including Austria, Finland, Sweden, Germany, Italy and the Netherlands. Pooling resources of market information and specific project opportunities, SolarPower Europe and the RECP will conduct targeted match-making activities; connecting projects and local partners with the right financiers seeking investment opportunities. “We wanted to explore some emerging markets, for several reasons,” said Bruce Douglas, chief operating officer at SolarPower Europe. “One is to pass over our knowledge and experience that was gained in Europe – and that’s over 100GW of installed capacity in Europe so far – in new and emerging markets to help them develop.

Source: pv-tech.org