Africa Clean Energy - Catalysing Africa's Solar Markets slide image

Africa Clean Energy - Catalysing Africa's Solar Markets

Ukaid from the British people Africa Clean Energy Catalysing Africa's Solar Markets General Recommendations Private Sector 6d TE TETRA TECH International Development There is substantial untapped market opportunity for SAS companies to distribute through mainstream trade channels as these offer an under-utilised, high-potential opportunity for the private sector coupled with latent demand in rural areas. Exploring opportunities with trade channels can increase SAS delivery, and presence of quality products in the trade channels. The industry association, the Renewable Energy Association of Nigeria (REAN), can facilitate engagements with trade associations across the country. Market development organisations and geospatial data providers can provide granular trade data to help solar companies identify potential expansion opportunities. Donor partners and multilateral finance institutions should design results-based financing (RBF) or other grant funding tools that specifically incentivises development of trade relationships alongside targeted technical assistance programmes to improve awareness of quality or investor readiness support.
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