Search SaudiArabiaPR.com

Home >> Energy and Industry

Schneider Electric Solar and Qbera Capital Announce a Strategic Alliance to Provide Solar Energy in Sub Saharan Africa

Saturday, February 1, 2020/ Editor -  

Share

Home >> Energy and Industry
• The Qbera-Schneider Electric Solar alliance brings together the financing and technology needed to provide access to energy in Sub Saharan Africa
• Improving access to energy in Sab Saharan Africa is critical for UN Sustainable Development Goals (SDG) 7 
• The first round of projects of 15 MW will be rolled out across in Mali, Ghana and Burkina Faso
 
 
Dubai, United Arab Emirates, February 01, 2020:   Schneider Electric Solar Spain S.A., the Spanish entity of the Schneider Electric solar business division, has entered into a strategic alliance with Qbera Capital LLP, a leading asset management & independent advisory firm, to further support solar energy growth across selected frontier & emerging markets. 
 
 
The Qbera-Schneider Electric Solar alliance provides a distinctive technical and financial proposition – further facilitating transition to net-zero carbon and specific UN Sustainable Development Goals (SDGs). 
 
 
UN SDG 7 focuses on a global effort to achieve universal access to affordable, reliable, sustainable and modern energy by 2030. According to the recent Energy Progress Report, by 2030, there will still be about 650 million people without access to electricity, and 9 out of 10 of them will live in Sub-Saharan Africa. Often the biggest hurdle to deploying renewable energy in Sub-Saharan Africa is the lack of holistic approach including financing and technology.
 
 
Following recent successes in the Commercial and Industrial (C&I) segment, particularly in Sub-Saharan Africa, the alliance provides corporates with a one stop solution integrating technical, financing, digital and equipment solutions supporting clean energy transition across frontier & emerging markets. 
 
 
The first round of projects of 15MW will be rolled-out across in Mali, Ghana and Burkina Faso. Additional deployments of over 60MW will further target six countries. Both parties have successfully focused on financing and developing solar energy & energy efficiency projects in Sub Saharan Africa (SSA), with potential to cover a greater part of all Sub-Saharan continent. 
 
 
“I am very excited about this new business model that has already materialized into the first success,” said Robert Immelé, CEO and Chairman of Schneider Electric Solar. “With this alliance, we are removing one of the biggest roadblocks in green energy deployment, aligning customer needs, advisory, technology and financing.”
 
 
“I am very excited about our alliance with Schneider Electric Solar. We continue to see an underserved market for solar across frontier & emerging markets, as such we are aiming to support a vast network of commercial and industrial companies with a complete solar solution,” said Ali Shafqat, CEO of Qbera Capital. 
The alliance also deepens both organization’s commitments & tangible deliverables towards multiple Sustainable Development Goals (SDGs)

Previous in Energy and Industry

Next in Energy and Industry


Home >> Energy and Industry Section

Latest Press Release

Deliverect Plays an Active Role in Empowering the F&B Industry in Saudi Arabia

Wisdom for a Better Life Technology Paving the Way to a Better Life for All

Australia's Whitney Hillier Captains Team to victory at the Aramco Team Series – ...

Saif Nabeel Joins Pubg Mobile Musical Line—Up with a New Original Track and Musi ...

Ladies European Tour CEO Heaps Praise on Aramco and Golf Saudi for being “Key Pl ...

Riyadh International Luxury Week returns with 2022 Edition

HONOR Confirms Launch HONOR X9 5G in Saudi, the first 5G X Series with very Aggr ...

Future Buildings Key to Transform Energy Sector

Atlas Turf Arabia Receives ITGAP Certification for Production of Platinum Te Pas ...

Western Digital Details Mission to Unlock the Potential of Data

PUBG MOBILE Launches Second Collaboration with Global Sensation ‘Baby Shark'

House of Pops Brings Healthy, Sustainable Treats to Saudi Arabia

ABT Sportsline confirms return to Formula e

Ogilvy EMEA Chairman Paul O'Donnell Announces Retirement, Ending Distinguished F ...

Saudi Arabian Airlines (saudia) Spreads The Spirit Of Eid With A New Campaign Fe ...

Saudi Racer Reema Juffali Optimistic for Rest of Season after double Triumph at ...

LG Announces First-Quarter 2022 Financial Results

Mohamed Yousuf Naghi Motors concludes Ramadan Celebrations with exclusive BMW of ...

Saudi World Rally Championship Star Rakan Al Rashed Says Local Experience will P ...

Saudi Racer Reema Juffali Excited to Participate in First Full Gt3 Series Season