Two energy firms have agreed to join forces to offer financed solar solutions to a select portfolio of commercial and industrial customers operating in Africa.
The move by Solar specialists Solarcentury and Energy investors CrossBoundary Energy means businesses looking to purchase solar can now benefit simultaneously from the market leading competencies that both companies bring to the table.
The firms say Solarcentury’s understanding of the technical challenges in integrating solar with an operating business and CrossBoundary’s experience of financing businesses operating in fast changing circumstances are set deliver a market ready viable solar solution to businesses in the region.
Dr Daniel Davies, Africa Director for Solarcentury commented: “Solarcentury have been at the forefront of designing and building commercial scale solar PV plants in Sub-Saharan Africa. We have built the majority of Commercial and Industrial Solar PV plants in East Africa and we have seen businesses make considerable savings from day 1 of energising the PV plant. We now bring our substantial technical expertise and in partnership with CrossBoundary Energy, are able to provide a unique financing offer for any business in Africa.”
Matt Tilleard, Managing Partner at CrossBoundary Energy explained that ‘Our objective at CrossBoundary Energy is to provide financing to the best solar developers in Africa who are serving corporate customers, so we’re excited to be working with Solarcentury to bring African businesses cheaper and cleaner power’.
He added that businesses are the major consumers of electricity in most African markets and by providing them cheaper power through a solar PPA they can actually save them money from day one while also reducing their carbon emissions.