Solarcentury and Cross Boundary Energy, two of the best solar-related organizations in Africa, have entered into a partnership with the aim of offering financed solar solutions to a portfolio of different customers who are operating in the continent.
As solar power continues to be more popular around the globe as the least costly source of electricity, it is changing the energy landscape in Africa. Since it reduces operation costs for businesses, it gives them the chance to compete efficiently on the global market. However, to be able to succeed there is need for a proper solar project, which is characterized by well structured financing and first class engineering. That is where the two organizations come in.
Being one of the leading companies in development and delivery of solar projects in the world, SolarCenturty has quite the expertise when it comes to technical challenges that affect the integration of solar with an operating business.
“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 one of energizing the PV plant,” said Dr Daniel Davies, Africa Director for Solarcentury.
On the other hand, CrossBoundary Energy (CBE), which is Africa’s first dedicated fund for commercial and industrial (C&I) solar and owner of the largest portfolio of financed C&I solar assets on the continent, is vastly experienced when it comes to financing organizations which operate in fast changing situations. Matt Tilleard, Managing Partner at CrossBoundary Energy said, “Our objective at CrossBoundary Energy is to provide financing to the best solar developers in Africa who are serving corporate customers.”
The partnership thus brings to the table substantial technical expertise as well as unique financing offers, which will help deliver a cheaper and viable solar solution to businesses in the African region.
