Date(s) - 18/09/2014 - 19/09/2014
- Clean technology
- Green car
- Organic Food
- Transmission and Distribution
Unleashing the Commercial Potential of Mini Grids in Africa
Globally, 1.4 billion people do not have access to electricity with 85% of the off-grid population in Africa living without electricity access. Sub-Saharan Africa off-grid population is forecasted to rise from 600 million to 698 million people in 2030. IEA estimates that in order to achieve universal electricity access, mini grids will have to provide more than 40% of the new capacity needed by 2030 with the market potential for mini-grids to be US$4 billion per year. The pressing need for off-grid electrification coupled with the rising costs of using expensive, polluting fossil fuel solutions such as diesel generators, calls for successful ground level implementation of renewable and hybrid mini grids in the region and are high on the agenda for most countries
Mini grids have been promoted actively in Africa and industries such as mining and agriculture have shown unprecedented interest with projects being implemented to cut operating costs and improve efficiency.
Many positive factors are supporting mini-grids development in Africa. There is a tremendously large market with many resources and potential ideal sites throughout the region conducive for established RE-technologies like solar and hydro projects to be developed. The costs of utilizing these technologies are also decreasing, as in the case for solar; the usage cost has reduced significantly from $250 per 30 watts to $150. Authorities in the region, for example in Tanzania where the REA have 90+ projects in the pipeline, are rapidly setting the landscape to attract more sustainable investments into this sector. In addition, there is also an increasing depth of development and implementation experience to inspire similar success stories currently found in Senegal, Tanzania, Kenya, Rwanda and Cape Verde amongst other countries. Significant public sector funding and grants are also available through national governments and international donors. Public-private partnerships are also actively promoted to kick start projects.
For more information, please review the event website at *http://www.magenta-global.com.sg/africa-mini-grids-summit-2014