A model of this kind is particularly interesting in a context marked by rising energy prices and increasing power shortages in several African countries. As well as saving energy, solar power enables companies to reduce the environmental impact of their activities.
“Supporting solar photovoltaic projects for commercial and industrial applications will provide affordable and reliable access to energy for businesses in the region, stimulate economic development in East Africa and reduce CO2 emissions,” explains Peter Page, Investment Officer at responsAbility, the manager of GCPF. For the record, SPEG was created in 2021 following the acquisition of a 50% stake by Starsight Energy (which operates mainly in West Africa) in the East African activities of Premier Solar Group.
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