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Ed Webb

Morocco, Tunisia and Egypt are marketing solar power to Europe while sub Saharan Africa... - 0 views

  • Even though the continent’s power generating capacity has slowly improved over the years, rationing, rolling shortages, and blackouts continue to hamper many countries development—including economic giants like South Africa and Nigeria. These cutoffs stunt economic growth, hindering small and large businesses alike as well as schools and hospitals.
  • the low access, poor reliability and high prices of electricity cost African economies an average of 2.1% of their GDP, according to the World Bank
  • north African nations have been making major progress with power generation. Egypt, Algeria, Tunisia, and Morocco have invested tens of billions of dollars in renewable energy projects—particularly solar power—as a springboard to drive their energy ambitions. By harnessing the power of the Saharan sun, these countries hope to not only bring down the cost of solar technology, but also scale it for larger use, enhance energy security, create cleaner environments, and boost the creation of new business opportunities.
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  • a new, intercontinental energy corridor between north Africa and Europe by delivering power to homes in Italy and France
  • “Solar energy is an emerging opportunity that cannot be ignored,” says Zandre Campos, chief executive of ABO Capital, an Angola-based fund which invests in energy, agriculture, and technology. Campos said north African nations were “true innovators” for spearheading these infrastructural projects and for building on the falling price of solar panels and the improved efficiency of light bulbs and appliances
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