IPFA Europe: Paris: Energy in North and Western Africa
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In recent years, Africa has become an increasingly active market for renewable energy projects, spanning from smaller PV solar to mega hydro-electric power projects. An increasing number of African countries are progressively initiating projects and several projects have now closed. Eastern and Southern Africa have paved the way in the development of the African renewables market; Northern and Western francophone Africa are now catching up and are providing a steady flow of projects. Strong and experienced developers, increased efficiency and the availability of financing have led to greater competition and, ultimately, very low pricing for renewable energy, in particular solar.
This does not mean that African energy projects have become plain vanilla; there are numerous constraints affecting the development of projects: insufficient grid infrastructure, regulatory uncertainty, scalability issues, political risk, to name a few. However, the active involvement of multilateral and development finance institutions, export credit agencies and international and local commercial banks, the development of specific instruments for the development, tendering and financing of projects efficiently help to overcome difficulties.
Participants in the event will share their experience and we will discuss trends in the development of energy project finance (with a focus on renewables) in North-Western Africa and the outlook for individual countries in these regions.
The agenda for this event will be announced shortly.
This event will be held in English.