Reda El Chaar Of Access Power On Pv Investment Strategy And Funding Trends In The Middle East And Africa

Pr'ecis:

Access Power was awarded one of the largest independent solar projects in Sub-Saharan Africa - a 10 MW PV power plant in Uganda under the GET FiT programme. Reda El Chaar, Chairman of Access, explains how they met the tender's criteria and how trends are reshaping the regional solar market.

Reda El Chaar, Chairman of Access, explains how they succeeded in meeting the tender's criteria and how new trends are reshaping the regional solar market.

Q: ACCESS POWER STARTED OFF AS A CONSULTANCY AND IS NOW ALSO DEVELOPING POWER PROJECTS. WAS THIS THE ORIGINAL PLAN?

"A: Access was always established with a view of becoming a developer and eventually a power asset owner and operator; that has been the strategy from day one."

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Image Caption:
Reda El Chaar of Access Power Many development funding institutions have started to look at streamlined processes to perform quicker and less expensive due-diligence processes and enable developers to procure finance for smaller projects - especially for PV because it's simple and modular, and once you carry out due diligence on one plant, you can understand how other projects are running as well.

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