Commercial & Industrial Solar in Sub-Saharan Africa
April 30 /// 4pm CEST
The market of on-site solar for C&I customers has started maturing in Sub-Saharan Africa in the last few years. The dominant business model up till now is direct purchase, however, some companies are also offering financing options including PPA and rental & leasing. Join our upcoming webinar to learn about the main drivers of the C&I-solar market and about the current landscape of business players and business models.
A maturing C&I Solar Market, what are the drivers behind the uptake and where is project development happening?
The landscape of business players and business models: dominated by direct purchase, PPA’s on the rise?
What are the barriers for faster market growth, and how to overcome these?
|ANTOINE PRÉDOUR /// HEAD ENERGY DEBT - RESPONSABILITY|
Antoine Prédour is Head of Energy Debt at responsAbility investments A.G, an asset manager in the field of development investments.
The Energy debt funds managed by responsAbility (Global Climate Partnership Fund and responsAbility Energy Access Fund) are financing small scale Renewable Energy (mainly off grid), Energy Efficiency and Energy Access projects either directly or through financial institutions in developing and emerging countries.
Antoine has over 15 years of experience in investments (debt & equity), business development, fund management and credit risk management. He has extensive knowledge of business practices in developing countries, including completing due diligence in more than 30 countries.
He holds a degree in business engineering from UCL Mons, a European master of Microfinance from Solvay Brussels School and is a Certified International Investment Analyst (CIIA).
HEAD ENERGY DEBT - RESPONSABILITY
|TAKEHIRO KAWAHARA /// FRONTIER POWER SR ASSOCIATE - BNEF|
Takehiro joined Bloomberg NEF in December 2012. After engaging in research and analysis for Japan’s renewable energy sector, he joined the Frontier Power team in February 2017. The team covers off-grid and weak-grid energy sector in emerging countries, including microgrids, solar-diesel hybrids, captive generation, and portable and short-term energy (eg., off-grid solar). He has worked on energy for telecom tower infrastructure and microgrid control systems within the team.
Prior to Bloomberg NEF, Takehiro completed a Master’s degree in Environmental Studies and Sustainability Science at Lund University in Sweden, and worked in Japan Science and Technology Agency.
FRONTIER POWER SR ASSOCIATE - BNEF
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The pay-as-you-go (PAYG) business model is proving to be an effective approach in delivering electricity access through distributed solar, and the sector has gained significant investment interest and activity. Still, there is considerable untapped opportunity for growth across Sub-Saharan Africa, with various drivers impacting market growth.
|DAN SHEPHERD /// PRINCIPAL OPERATIONS OFFICER, INFRASTRUCTURE AND NATURAL RESOURCES DEPT, SUB-SAHARAN REGION - IFC|
|Dan Shepherd leads IFC’s energy and water advisory work in the Sub-Saharan Africa region. Current work includes energy access (including solar lanterns, solar home systems and mini-grids), resource efficiency and captive power solutions (across various sectors) and large grid-tied renewable energy (solar, hydro, etc.). Prior to that, he led IFC’s advisory services work related to Sustainable Energy Finance (SEF) in the Latin America and Caribbean region. Dan has master’s degrees in Environmental Studies and in International and Development Economics from Yale University.|
PRINCIPAL OPERATIONS OFFICER, INFRASTRUCTURE & NATURAL RESOURCES DEPT, SUB-SAHARAN REGION - IFC
|ED DAY /// ENGAGEMENT MANAGER - VIVID ECONOMICS|
|Ed leads Vivid’s Growth and Development practice group. Current assignments include developing a market attractiveness index for PAYG energy markets with the IFC, mobilising investment for off-grid solar in Bangladesh, research with DFID on the impacts of higher temperatures on labour productivity, and supporting the Government of Ethiopia to develop a Sustainable Development Goals Needs Assessment Ed holds an MSc in Economics from University College London.|
ENGAGEMENT MANAGER - VIVID ECONOMICS
|CAROLINE FRONTIGNY /// CHIEF BUSINESS DEVELOPMENT OFFICER - UPOWA|
|Caroline Frontigny is the cofounder and Chief Business Development Officer of upOwa. In 2015, she launched upOwa’s first operations in Cameroon, recruited and managed the Cameroonian team and is now in charge of business development. Previously, she was a private sector development analyst at the World Bank in Washington DC where she specialized in improving access to electricity for businesses in Africa and Latin America. Before that Caroline worked on energy policy at the Embassy of France in the United States. She has received a M.Eng in Energy and Science from Supélec, France.|
CHIEF BUSINESS DEVELOPMENT OFFICER - UPOWA
In this webinar, we will take a deep dive into the use of data in market expansion, with a presentation on the PAYG Market Attractiveness Index prepared by the IFC. The Index is based on various high-quality datasets covering critical aspects of the commercial opportunity and enabling environment conditions for the 14 countries, serving as an analytical tool to support PAYG companies in evaluating and prioritizing market entry opportunities. We will also learn about practical experiences from PAYG enterprise upOwa on the use of data to understand market drivers in Cameroon.
Currency risk is a major issue to consider for investors, lenders and businesses active in the off-grid solar industry in Africa. In this webinar, SunFunder, TCX/MFX and BBOXX will offer their views on viability and availability of local currency funding solutions for the sector
|PER VAN SWAAY /// SENIOR VICE PRESIDENT - TCX|
|Per van Swaay joined TCX in 2010 and is responsible for TCX business development in Africa. Prior to TCX, Per worked in African project finance at FMO, the Dutch Development Bank. Before moving into development finance, Per worked as a corporate lawyer in the Netherlands and the US. TCX is a special purpose fund to hedge the currency and interest rate mismatch that is created in cross-border investments between international investors and local borrowers in frontier and less liquid emerging markets.|
PER VAN SWAAY
SENIOR VICE PRESIDENT - TCX
|AVI JACOBSON /// GLOBAL INVESTMENT OFFICER - SUNFUNDER|
|Avi is a Senior Investment Officer at SunFunder. He is responsible for managing relationships with SunFunder’s clients and optimizing their debt structure. He develops and sustains lending relationships with leading renewable energy providers serving customers with limited access to a functioning electric grid. Prior to joining SunFunder, he was the Director of Market Analysis at Lumos Global, a solar home system provider. Avi is a graduate of the Case Western Reserve University School of Law and a veteran of the US Air Force.|
GLOBAL INVESTMENT OFFICER - SUNFUNDER
|GRETA TALBOT-JONES /// INVESTMENT ANALYST - BBOXX|
|Greta is an Investment Analyst at BBOXX. Over the past two years at BBOXX she has been integral to the closure of numerous local currency debt deals in the Rwandan and Kenyan markets enabling the company to realise consistent portfolio growth. She liaises closely with operations and engineering teams on a day-to-day basis to create financial forecasts, analyse debt opportunities and investigate new expansion propositions.
Prior to BBOXX Greta worked as a strategy consultant in the technology and energy sectors. She holds a Natural Resources Engineering degree from the University of Canterbury, New Zealand
INVESTMENT ANALYST - BBOXX
Past Webinar /// Commercial capital investments in African solar PV projects
Thursday 5 October 2017
Perspectives of international and local commercial banks on solar PV
Experiences from previous projects
What returns are expected from solar PV projects
Key considerations for investing in solar PV projects in Africa
|CHARLES AYENU /// REGIONAL COORDINATOR - CEADIR WEST AFRICA|
|Charles Sena Ayenu, a native of Togo, has over 20 years of experience in Banking and has worked as Financial Credit Risk Management and Relationship Manager at Citicorp and recently as Senior Vice President at SunTrust Bank in the Washington DC metropolitan area.
In 2014, he relocated to Accra, Ghana to establish and lead Home Energy Africa, Ltd. (HEA) a renewable energy company developing projects primarily in West Africa (www.homeenergyafrica.com). HEA’s first undertaking is a 100MW solar PV plant located in Sankana, in the Upper West Region of Ghana. The project development phase has been completed and financial close is expected in late 2017, which will be followed by a construction phase in 2018. As the President/CEO of Home Energy Africa, Charles manages the day-to-day operations and business development activities of the company.
REGIONAL COORDINATOR /// CEADIR WEST AFRICA
|JAN MALAN /// PRINCIPAL TRANSACTOR - NEDBANK CIB|
|Jan Malan is a Principal Transactor in the Energy Finance team of Nedbank CIB. Jan has been involved with the structuring and successful financing of numerous utility scale energy projects in Africa, including a number of 75MW solar PV projects as part of the South African Renewable Energy Independent Power Program. Prior to Nedbank, Jan was a Senior Investment Officer in the Private Sector unit of the African Development Bank, focussed on project finance across energy, infrastructure and natural resources. Jan started his career in engineering with the Worley Parsons group, and holds Master’s degrees in Engineering and Business Administration.|
PRINCIPAL TRANSACTOR - NEDBANK CIB
Webinar /// Africa’s solar challenge - linking finance to untapped solar potential
Tuesday 11 July 2017
In-depth discussion on current finance solutions for Africa’s solar projects
Exploring options to accelerate the current slow pace of on-grid development in Africa
Innovative finance instruments and business models that align with market demand
|CHARLOTTE AUBIN-KALAIDJIAN /// FOUNDER & CEO - GREENWISH PARTNERS|
|Charlotte Aubin has 20 years of experience in environmental and infrastructure investment and financial asset management, including 8 years dedicated to international and Sub-Saharan Africa renewable energy. She is founder and CEO of GreenWish, a pioneer of renewable energy development and investment in Sub-Saharan Africa. Since 2014, GreenWish successfully raised $270 million equity, set-up of a team of 24 members with offices in France, Ireland, Senegal, Cote d’Ivoire and Nigeria and completed the development, financing and commissioning of the first solar Independent Power Producer in West Africa, the 20 MW Senergy 2 solar PV project. GreenWish today has over 300 MW of projects in advanced development and a pipeline of projects of 1 GW. Charlotte is former Managing Director of Morgan Stanley Investment Management, where she she built the French and Swiss activities up to a multi-billion dollar asset level and developed a vast experience in project structuring and management, business strategy, team management as well as capital raising across different asset classes like infrastructure, private equity, cleantech, venture capital, agroforestry and real estate. She is committed to Women empowerment and Climate change. She is Board Member of Women in Africa Initiative and jury member of the Africa Energy Generation Prize.|
FOUNDER & CEO /// GREENWISH PARTNERS
|OUSSEYNOU NAKOULIMA /// DIRECTOR FOR RENEWABLE ENERGY & ENERGY EFFICIENCY - AFRICAN DEVELOPMENT BANK GROUP|
|Nakoulima, a Senegalese, holds a Master of Business Administration from Harvard University Business School, USA and Master degrees in Engineering and Applied Mathematics from Ecole Polytechnique and Ecole des Mines in Paris. He brings along more than 15 years of experience in energy, climate change, international banking and financial sector development. Nakoulima has been the Director at the Green Climate Fund in Korea since 2014, with global responsibility for partnerships, country strategies and project preparation support. He was responsible for managing relationships with 140 countries, advising them on how to develop low carbon and climate resilient programs, while managing substantial financial resources for technical assistance and project development. As member of the senior management team of the Green Climate Fund, he was instrumental in the successful launch of the Fund, which has mobilized significant resources for renewable energy projects globally. Before joining the Green Climate Fund, he worked at BNP PARIBAS from 2009 to 2014 in Paris and then in Senegal. As Deputy CEO of the local subsidiary, he positioned the Bank as lead advisor of the Government of Senegal in energy and infrastructure. He proposed innovative schemes to finance the overhaul of the electricity sector and coordinated the financing of a major airport project. He oversaw the mobile banking business to develop the concept for low-income banking and established new business lines including factoring, leasing and commodity finance. Nakoulima had earlier on worked at the African Development Bank as Senior Investment Officer between 2002 and 2009, having joined the Bank as a Young Professional. During that time, he developed projects in fifteen countries in power, water, sanitation and infrastructure and led teams in high impact transactions, including a corporate loan to Eskom, the power utility of South Africa, a private hydropower project in Madagascar and the Bank’s first Public-Private advisory activity for a hydropower program in West Africa.|
DIRECTOR FOR RENEWABLE ENERGY & ENERGY EFFICIENCY /// AFDB
Webinar 3 /// Market Development Trends in the African solar PV Off-Grid Sector
Thursday 20 October 2016
HEAD OF APPLIED RESEARCH /// BNEF
CEO /// LUMETER
PROGRAM ADVISER /// GOGLA
CEO /// POWERGEN RENEWABLE ENERGY
Electrifying rural Africa via traditional interconnection to the main electricity grid is a costly affair, and often not viable for remote communities. Over the past years, off-grid alternatives have emerged in the form of minigrids and solar home systems , which are now truly getting traction. The pay-as-you-go model for financing solar home systems has attracted investor attention due to its huge potential in making access to energy more affordable, and minigrids are seen by many DFI's as the upcoming solution to electrify remote villages, communities and businesses.
Solarplaza is proud to announce the latest in the USC: Africa webinar series: "Market Development Trends in the African solar PV Off-Grid Sector", where we provide an overview of the developments and trends in the off-grid and distributed energy sector in Africa.
Webinar /// How to Manage Currency Risks for RE Projects in Africa
Tue, Sep 20, 2016 5:00 PM - 6:00 PM CEST
In preparation for Unlocking Solar Capital: Africa, we've hosted a new webinar, focused on currency risks surrounding African RE projects.
1. A macro overview of foreign exchange (FX) volatility.
Practical evidence and key drivers of foreign exchange volatility
2. Currency risk in the energy sector
For on-grid projects, who bears the risk? For off-grid plants, how should developers and lenders manage FX risks?
3. Solutions and constraints of sources of local currency (LCY)
How to source local currency flows & how to hedge off-shore flows
PER VAN SWAAY
SENIOR VP /// TCX
PRESIDENT & CEO /// MFX
MANAGING DIRECTOR /// PERSISTENT ENERGY CAPITAL
COO /// GUARANTCO
Webinar /// Framing the Solar Bankability Issue in Africa
14 July 2016, 5-6 pm CET
Framing the Solar Bankability Issue in Africa
Keys to obtaining low cost capital
Overview of risks and strategies for overcome them
Highlighting key markets and prospects for future growth
Just recently the first Scaling Solar auction yielded record-breaking prices for solar power to date in Africa: 6.02 cents/kWh and 7.84 cents/kWh - for two 50MW solar PV plants to be built in Zambia. To assess the impact of this result for the region we have asked two leading industry experts to provide their analysis.
CEO /// CLIMATE FUND MANAGERS
INFRASTRUCTURE FINANCE SPECIALIST /// WORLD BANK