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Labrish
Nyuuz
Red tape chokes Africa’s green power, mid-sized projects stall
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[QUOTE="Munyaradzi Mafaro, post: 73859, member: 636"] Renewable energy deals across Africa keep getting killed by financing setups that only work for massive builds, and everyone at this investor forum in Rabat keeps saying the same thing. ACWA Power exec Hashim Ghabashi pointed out that slapping the same requirements on a 30 megawatt project that you use for a 1,000 megawatt behemoth makes zero sense, and sometimes advisor fees alone eat up 40 percent of total costs because nobody bothered adjusting the rulebook. Tom Longmuir from Ashurst talked about how even solid projects crater when utilities can't actually pay their bills, and everyone agreed that multilateral guarantees are the only way private money shows up. The continent pulls in just 2 percent of worldwide green investment despite having absurd renewable potential, and speakers said standardized contracts plus more local currency lending could flip that script. Getting regional banks involved instead of defaulting to hard currency loans every time might actually let mid-sized ventures get built instead of dying in development hell. [/QUOTE]
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Labrish
Nyuuz
Red tape chokes Africa’s green power, mid-sized projects stall
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