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DTSTART;TZID=Europe/Helsinki:20210528T133000
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SUMMARY:Reducing the cost of capital for solar projects in Africa
DESCRIPTION:African countries are in a unique position to reap the socio-economic and environmental benefits of renewable energy resources to meet their increasing energy demand in a sustainable way. However\, the difficulty of attracting sufficient and affordable finance is an obstacle to building more solar projects in Africa. The financing costs of a solar project are a function of the capital needs from investors and the returns demanded by these investors\, and usually consist of a mix of debt and equity. The weighted average cost of capital (WACC) is a measure to express the average financing cost of a project. Studies show that the WACC in African countries can be several times higher than in European countries. Therefore\, counter-intuitively\, solar electricity might be cheaper in a low-sun and low-risk country in Europe than in an African country with a higher level of solar irradiation. De-risking policies and financing mechanisms can reduce the perceived or actual investment risks and barriers and bring the cost of capital down\, ultimately leading to a boost in the construction of new solar projects. The webinar\, organised by SolarPower Europe and supported by GET.invest – a European programme supported by the European Union\, Germany\, Sweden\, the Netherlands\, and Austria – will gather African and European experts to shed light on how to reduce the levels of cost of capital for solar projects in Africa. \n\n\n\nRegister here
URL:https://www.afsiasolar.com/events/reducing-the-cost-of-capital-for-solar-projects-in-africa/
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