Professional Documents
Culture Documents
by
Veronica Ngunzi
September 2021
Introduction
Decrease in wind energy development costs in recent years due to increased take-up.
Challenges
Wind turbines do not produce power constantly, thus investment in battery storage is
necessary.
High upfront costs for wind power generation equipment.
High capital investment for transmission lines due to wind power potential areas being
Increased potential for domestic and commercial solar water heaters, solar water pumps,
Challenges
Uncoordinated approach in policy implementation and promotion of solar energy projects.
Lack of awareness of the potential opportunities and economic benefits offered by solar
technologies.
Proliferation of sub-standard solar energy technologies and equipment.
Financing Renewable Energy
Public Finance- by the government through feed in
tariff policy
Development finance- world bank, African
development bank etc.
Climate finance
Commercial finance- Local and international banks
END
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