Kenya recently hosted the solar-focused Powerelec Kenya event, alongside the Renewable Energy Forum Africa 2023, in Nairobi. AFSIA and SolarPower Europe organized the event with the support of Get-Invest.
Another topic was about projects and issues facing minigrids.
“Not all rural last-mile sites look the same. They look very different, with some sites doing fine with approximately 50% capex grant as the subsidy while others need a more significant subsidy and others doing fine with less than 50%,” said Julie Greene, managing director of Renewvia Solar Africa. “We have seen that there has only been one financing model that works for some sites and others. To reach last-mile customers, we need to look at the actual sites and see where to apply mini-grids and SHS because these are distributed communities.”
According to Sanjeev Debipersad, the director of Investments Portfolio AECF, there is plenty of funding available. “How do we transition away from the dependencies on grants?” he asked.
“We need to step back before approaching the villages and precede with other instruments that help de-risk the minigrid,” said Debipersad. “For example, SME’s stimulations.”
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