Schneider Electric, Qbera Capital to back 75 MW of solar in Sub-Saharan Africa

Schneider Electric Solar Spain SA and asset manager Qbera Capital LLP have formed an alliance that will offer commercial and industrial (C&I) customers the financing tools and technical solutions needed to deploy more than 75 MW of solar projects in Sub-Saharan Africa.

According to Schneider Electric Solar, represented in the partnership via its Spanish unit, the alliance will roll out 15 MW of projects in Mali, Ghana and Burkina Faso in the first round. Later on, more than 60 MW will be deployed in six other countries in the region.

The alliance bills itself as a one-stop shop for corporate clients seeking to execute solar projects in selected Sub-Saharan markets. The French multinational says that the lack of holistic approach to realising renewable energy projects has been the biggest obstacle to their development.

The Qbera-Schneider Electric Solar alliance will aim to address this issue by providing a toolbox that includes technical, financing, digital and equipment solutions to support the energy transition in under-served markets, as well as the UN Sustainable Development Goals, Schneider Electric Solar said.

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