Tapping on the growing capital and investment interest in solar energy project in the sub-Saharan Africa region, Magenta Global is pleased to announce the inaugural Sub-Saharan Africa Solar Conference 2014 which will convene in Accra, Ghana from 23 to 24 April 2014.
The sub-Saharan Africa region presents lucrative opportunity in solar energy development, with an estimated of more than USD 40 billion a year of investments needed to address the power supply problem currently hindering economic growth. In addition, the governments’ have recognised the importance of renewables, especially solar, in the energy supply mix.
According to the World Bank, access to electricity for households in Sub-Saharan Africa (SSA) is less than 25%, falling as low as 10% in rural areas. There is an urgent and dire need for SSA to address this crisis. The region receives one of the highest solar radiations in the world, making solar energy an obvious natural energy resource, particularly for off-grid locations limited by transmission and fuel transport networks.
This timely conference is a high-level strategic platform to bring together the Who’s Who in solar energy infrastructure development to meet the energy demand gap of the SSA nations for rural electrification and for energy intensive industries such as mining, agriculture, real estate development, oil recovery, telecommunications, hospitals, medical & public facilities to explore solar energy investment and deployment. The conference will be attended by government officials together with leading investors, financiers, independent power producers and technology providers.