Renewable energy company GreenWish Partners is planning to invest $800 million on reliable, cost-effective solar-powered …
Article summary-Mauritius – Bloomberg reports that renewable energy and economic-friendly power provider company, GreenWish Partners is planning to invest $800 million on solar-powered telecommunications towers across Africa.
According to the International Energy Agency, Sub-Saharan Africa has the lowest rates of energy across the world and homes half of the 1.2bn people in the world who do not have reliable electricity.
“We reduce the total cost of power by 30%”, said founder and CEO of GreenWish, Charlotte Aubin-Kalaidjian. “Smaller towers can run entirely on solar and battery and larger ones reduce their diesel use by at least 60%”.
Bloomberg notes that Africa has more than 240 000 telecom towers that conveys signals to and fro mobile phones. However, most of these towers are powered by diesel generators as they are mainly attached to unreliable grids or in remote areas