You have 0 items in your cart | Site updated: Feb 03, 2012
esi-africa.com logo
Login /Register
     

Endorsements

Endorsed by Eskom

Customer Testimonials

"We find your company's enews site a very useful information avenue for developments in the power sector!
Ayo Moyan, Genesis Electricity Ltd

"This is the best newsletter I receive, ... brief and to the point, which means you have the opportunity to glance over all the headings and can dive into more detail by selecting the heading that you are interested in"
Arthur Bosman, GE Intelligent Platforms

"I just want to compliment ESI on your ESI Africa News bulletin emails. I read very few marketing orientated emails but I always read at least 75% of yours."
Rob Melaia, Technical Director -- Rotating Machines, LHMarthinusen

Navigation

Solar plausible investment opportunity for Senegal

The UN has said that investing in solar energy could bring electricity to millions in Senegal, significantly reduce electricity bills and attract millions of dollars in development funding under the UN Clean Development Mechanism - but only with increased investor participation.

Rising fuel costs have increased the attractiveness of solar and “If you reduce these [fuel] oil import costs it will do a tremendous amount to save money for government investment in schools, hospitals and other development activities to help the poor.” said UN Environmental programme spokesperson, Nick Nuttall.

With only one in four Senegalese having access to grid electricity, Senegal must now invest in renewable energy.  

According to Louis Seck, head of Senegal’s renewable energy department, the country has seen a fivefold increase in its fuel bill between 2005 and 2008.

“Research suggests that by tapping into just a small section of the solar energy resources of the Sahara desert, you could theoretically produce enough energy to fuel the entire planet,” said Nuttall.

Senegal gets 3 000 hours of sunshine a year and if solar power stations can be set up on uncultivable land, Senegal would be “an ideal location for solar energy development”, Nuttall continued.

According to Nuttal, solar is an easy way to provide off grid access to electricity.  

Abdoulaye Fall, head of environmental quality and safety at the National Confederation of Employers in Senegal (CNES), said solar power could save money in the long term.  It has been estimated that the cost of producing 1 Kw hour of electricity from solar can be halved from the current US$18.40 for conventional generation.

However, the biggest challenge facing the wide scale roll out of solar projects is that most projects are expensive, and the government needs more money.  It has not been easy to attract private investors at anywhere near a large enough scale said Seck, due to perceptions that Senegal is too risky a place to invest.  Investing directly in renewable schemes is an “unattractive” prospect, according to Seck, because of its large debt burdens, its poor equipment and outdated infrastructure, and heavy government involvement.

Legislators from across West Africa came together in Ghana in late September 2008 to urge regional leaders to form a West African Renewable Energy Community to promote renewable energy projects. They also agreed to push leaders across the Economic Community of West African States (ECOWAS) to pass stronger laws to protect investors in renewable energy schemes.




 
African Utility Week
21 - 24 May 2012, Johannesburg, South Africa
iPAD Angola
12 - 14 June 2012, Luanda, Angola
Eastern African Power Industry Convention (EAPIC)
10 - 13 September 2012,
Dar es Salaam, Tanzania





this site was developed by synch.cc - secure network communications using Open Source, Cape Town, South Africa

Subscribe to enews

Signup for the enews, and stay up date with the online power journal of Africa!

Full Name
Position in Company
Company Name
Phone number (incl dial codes)
Email
Country