Renewables in Africa – Insights from the legal world
Renewable energy in Africa looks set for a bright future, with increasing investment and growing incentives from states to develop green infrastructure. But what are the key legal and contractual issues that stakeholders should consider?
Africa has a huge need for energy. If its energy gap is to be closed in a timely and sustainable way, renewables have a key part to play. It is no secret that Africa presents exciting opportunities for investment in, and development of, renewable energy. There is an abundance of renewable resources across the continent, including solar, wind (both onshore and offshore), geothermal and hydroelectric. As renewable technologies advance, the opportunities in Africa can be expected to continue to expand, despite the global disruptions caused by the COVID-19 epidemic.
But what risks should stakeholders consider before committing to such projects? How can risk most effectively be managed? We will explore some of these questions, centred around three key risk areas: technology risk; performance measurement and testing; and policy and political risk.
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