This article explores the rapid growth of solar PV in Africa, driven by attractive power purchase and lease agreements offered to businesses. The success of this model, achieved without government incentives, is compared to the emerging electric mobility sector, highlighting similarities in their early stages of development.
The solar PV market in a lot of Africa n countries has grown thanks to project developers and financiers offering attractive power purchase and lease agreements to clients in the C&I sector. Uptake was driven without any government incentives in most of these countries. Uptake was simply influenced by savings customers were able to derive from offsetting daytime consumption with solar tariffs that were below their usual tariffs from the grid.
CrossBoundary Energy will pilot financing and owning charging infrastructure and batteries for the EV energy tech company Ampersand at an Ampersand swap station in Nairobi.Ampersand will pay CrossBoundary Energy for the power consumed as well as manage battery maintenance and charging station operations.
Hezbon Mose, Kenya Country Director at Ampersand, said, “The availability of reliable, affordable charging infrastructure is essential to scaling our operations and meeting the growing demand for e-mobility in Kenya. With CrossBoundary Energy’s solution, we are confident we can expand faster and more efficiently, bringing our e-bikes to more riders across Kenya and East Africa. By leveraging solar power this expansion will be even more sustainable, cutting carbon emissions faster.
Solar Energy Africa Renewable Energy Electric Mobility Battery Swap
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