M a r k e t N e w s

Renewvia Undertaking Feasibility Study for Kenyan Solar

Posted on : Monday , 26th September 2016

 Renewvia Energy is undertaking a feasibility study for the development of solar micro-grids in key geographies in Kenya. The feasibility study is being funded by a grant from the USTDA as part of US President Barak Obama’s Power Africa initiative.

 
On September 21 Trey Jarrard, CEO of Renewvia, signed the cost share agreement during theUS-Africa Business Forumheld in New York City. The following day the company participated as a panelist for "Climate Week Conversation: Unlocking Clean Energy Investment in Sub-Saharan Africa," an event that brought together CEOs from African clean energy companies to discuss how project preparation assistance can help unlock investment in clean energy across Africa. 
 
In addition to providing the data and analysis necessary to complete the feasibility study, Renewvia will be leverage its success in developing solar and micro-grid projectsglobally to secure implementation financing for the development of up to 50 MW of solar micro-grids in Kenya over the next five years.
 
The company said it understands the need to continue taking balance sheet risk to seed and unlock conventional and scalable financeable structures for rural electrification solar development. It is currently in discussions with institutional capital sources to explore conventional financing structures for this new unsecured prepaid individual subscriber model. The total market potential for Kenya and sub-Saharan Africa solar rural electrification is immense and exciting at every level.
 
"Renewvia is delighted to have the opportunity to extend our solar microgrid development in Kenya,” said Jarrard. “For the first time hundreds of rural Kenyan citizens are receiving power at a rate that is commensurate with off-grid generation without being responsible for maintaining power equipment.”
 
“Solar photovoltaic (PV) microgrids are making the dream of rural electrification a reality, and we are enthusiastic about providing this life-changing technology to areas of critical need in Kenya and beyond,” said Pam Onyanyo, Director of sub-Saharan Africa for Renewvia.

Source : www.ae-africa.com
Featured Companies
  • /
  • African Business Development Association
  • TITAN Containers A/S
  • Mercury Tube Products
  • SMES Today Magazine
  • DOOREE INTERNATIONAL CO LTD
  • africabusiness.com
  • Your Banner HERE!

Complete List  

Advertisers in previous issue:

  • Healthcare Trade Fairs
  • Manufacture of machinery, molds and Facilities for Precast Concrete, starting first by facilities for prestressing Before tensioning steel cables
  • Specialty and Custom Chemicals Exhibition
  • JNBK Corporation is a trusted leading manufacturer for top quality brakes with a widest range of products covering main applications for Japan, Europe & Americas.
  • Trade Exhibition
  • Our products are widely used and serviced for passenger car,truck,tractor,agricultural & earthmoving machines,stationary & marine engine.
  • One of the largest rent equipments companies
  • Solahart has manufactured over one million solar hot water systems installed in 80 countries on every continent around the world.
  • Samgong Gear is a world leading GEAR manufacturer in Korea, established in 1967 specialized in replacement gear manufacturing for worldwide aftermarket
  • Radhekrishna, a leading mechanical engineering enterprise in India,
  • Amara Raja Electronics Ltd (AREL) is a rapidly growing company in the field of Electronics Manufacturing Services (EMS), Engineering Design Services (EDS) Custom Magnetic Solutions (CMS) and Consumer Electronics.
  • HKPRODUCTS.NET is one of the best-known B2B online trading platforms in the world.
  • We are a leading interational provider of passenger and utility boats. From Dubai we export to the World quality fiberglass boats built to international standards.
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2019 Afrotrade