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Promising investement future for solar energy in Sub Saharan Africas

piggy-ban-renewablesInvestors in solar energy eye sub-Saharan Africa  Ghana is currently hosting a two-day Sub-Saharan Africa Solar Conference organized by independent business media company Magenta Global. World Bulletin / News Desk 24 April 14

Investors in energy from Germany, Canada, China and South Africa have descended on Ghanaian capital Accra to explore ways of providing solar energy to sub-Saharan Africa.

“The growth in the power sector in sub-Saharan Africa is likely to be somewhere between 60 and 80 gigawatts over the next ten years, and solar is going to form 10 to 15 percent of the overall increase in energy mix across sub-Saharan Africa,” Douglas Coleman, project director for Mere Power Nzema Limited, told Anadolu Agency. The company is developing a 155MWP grid connected solar photovoltaic (PV) power plant in Ghana. The solar PV plant will consist of over 630,000 solar modules situated on 452 acres of land.

The plant, according to the company, will be the largest in Africa. It will cost approximately $350 million and is expected to begin electricity production in 2015.

“If the legal, regulatory and political frameworks are in place, there is certainly sufficient global capital with an appetite for investment in this sector in sub-Saharan Africa,” said Coleman……http://www.worldbulletin.net/todays-news/134626/investors-in-solar-energy-eye-sub-saharan-africa

April 25, 2014 - Posted by | general

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