The potential for solar across Africa is huge
It’s no secret that the cost of solar is far cheaper than it once was. Off-grid solar power now costs below 20 cents per kWh compared with 60 cents per kWh generated from fossil fuel generators. Not only cheaper but a cleaner form of electricity generation from a constant source – the sun.
Investors must take a long term view on solar to see its untapped potential in Africa – we agree with the FT, the smart money must head in this direction…
In terms of the UK, Mypower are helping businesses take control of their electricity costs – get in touch to find out more…