EDF is joining Africa’s booming solar power market by snapping up a stake in home solar provider BBOXX as it moves into Togo in West Africa. The French energy giant will partner with BBOXX to roll out off-grid home solar systems as part of the race to corner Africa’s fast-growing market for home power systems. The pay-as-you-go solar kits include a solar panel, lighting strips and ultra-efficient appliances that are typically cheaper for families over the longer term than polluting kerosene lamps and wood fires. EDF is racing to catch up with fellow French utility Engie, formerly known as GDF Suez, which earlier this year bought Fenix International. The lease-to-buy solar provider is based in Uganda where 85pc of homes do not have access to the electricity grid.
Telegraph 26th Oct 2018 read more »
A lack of familiarity and education among corporates, and complexity over deal arrangements, is stopping corporates from ‘crossing the Rubicon’ and signing up to power purchase agreements utilising on-site solar, according to a panel investors speaking at last week’s Solar & Storage Live. Despite reports from as far back as 2016 that the UK was ready for large-scale deployment of subsidy-free solar installations on commercial sites via PPAs, many are still finding it difficult to secure deals in an environment where market knowledge has yet to catch up to the opportunities available.
Solar Power Portal 26th Oct 2018 read more »