With rapidly falling costs, renewable energy technologies, in particular solar PV, are fast becoming the cheapest source for new power generation globally, all the more in countries with excellent and abundant renewable energy sources.

 

This represents an enormous and unique deployment potential, especially for the developing and industrializing countries in Africa, with their rapidly growing electricity demand, often unreliable power supply and high costs for back-up diesel generators. This makes a strong business case and creates an attractive business environment for both C&I customers and renewable energy investors.