Renewables investors flock to west Sahelian frontier
A flurry of solar power projects have advanced in the African region over the last six months as support from international development finance programmes starts to yield results
The landlocked countries of the western Sahel rarely catch the attention of international investors— not least those interested in the power sector—for whom the area’s poor and mainly rural populations and weak governance offer little commercial appeal. However, global development institutions have long recognised the potential for widening access to electricity to stimulate economic growth and alleviate poverty. And with vast expanses of sparsely populated, sun-baked land available and decarbonisation momentum building, a direct jump to solar power—skipping fossil fuels—makes monetary and environmental sense. Financing and technical support programmes to that end, notably from the African D
Also in this section
9 September 2024
Addition of CCS was a factor in court’s decision to overturn FERC’s authorisation for NextDecade’s Rio Grande LNG project
2 September 2024
Recently finalised investment tax credits have brought much-needed clarity for Canadian CCS developers, but carbon price uncertainty remains a concern
29 August 2024
Use of captured carbon to make synthetic fuels merits more attention from investors and policymakers
22 August 2024
C-Questra applies for onshore storage permit for site in Grandpuits as part of project to establish highly efficient DACS value chain on French soil