The RESCO model addresses household or commercial and industrial consumers’ reluctance to purchase solar PV systems due to technical performance risk, high capital costs and lack of access to debt finance by ensuring that they don’t need to pay anything upfront. Instead, the solar developer offering the RESCO requires the Read more…
In the capex model, small consumers buy the solar PV systems encouraged by accelerated tax depreciation benefits. However, if the government phases out accelerated tax depreciation in 2017 as expected, consumers may no longer choose to buy solar PV systems. In addition, the high cost of capital, lack of debt Read more…
Tariff: The tariff structure must be clear in Power Purchase agreement. Tariffs can be fixed for the entire term or variable. Power purchase: The off-taker is obliged to buy certain amount of energy every month during the PPA term. Payment: The off-taker must pay a pre-determined tariff rate multiplied by Read more…
PPA default occurs when there is a breach of contract between developer and off-taker. The off-taker may default due to a failure to make agreed payments, failure to perform the contracted obligations, provision of incorrect information in the initial PPA agreement, and shutdown of the off-taker’s business. The developer will Read more…
Solar project developers are striving to get finances from banks and private equity players. Indian banks have very limited financing exposure for solar rooftop projects. So far the banks have over 800 Bn $ exposure and 16% of the assets are stressed assets. Stressed assets are exerting pressure on public Read more…
The Marco Borero Company has recently closed the financing for its solar photovoltaic project in Nyeri in central Kenya. The solar power plant that will be linked to the grid will have a capacity of 1.5 MWp. The Nyeri solar project is now arriving at the construction phase. Marco Borero Read more…
GAKUNGA, Kenya (Thomson Reuters Foundation) – When Lucyline Wanja Silas installed a 12-volt solar power unit at her home to help her children study at night, little did she know it would become essential to her and her neighbours in Gakunga village, central Kenya, during the coronavirus pandemic. Wanja, a Read more…
New Kenya Cooperative Creameries has recently concluded the initial phase of a tender to purchase electricity from a solar facility that will be constructed at its new KCC Sotik Factory. The installation is likely to cover around 40% of the site’s power needs. Kenyaâ largest dairy producer will buy power Read more…
MUNICH & NAIROBI, Kenya–A, a global market leader of cost-effective, reliable, and clean solar power for businesses, deployed its first solar farm in Kenya for Menengai Farmers Ltd tea farm in Tigoni. For the first 20 years of its operations, Menengai Farmers Ltd successfully grew tea without any large electrical Read more…
Number of partnerships were inked on 8 th September 2020 at the First World Technology Summit hosted by the International Solar Alliance (ISA). ISA has been given the nodal agency mandate for implementing India’s global electricity grid plan. It has also entered into a partnership with NTPC which will help Read more…