Unlocking Solar Capital Africa

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Wednesday 31 May 2023

Program Day 1


08:00

Registration & Welcome Coffee

60 min.

Registration is also open on May 30th from 14:00 - 17:00

Session Topics:

09:00

Welcome Remarks by Chairpersons

15 min.

Koen Peters

GOGLA

Manoela Hartung

Solarplaza

Session Topics:

09:15

Keynote Opening

presentation

30 min.

Ruth Nankabirwa

MEMD Uganda

Mukami Kariuki

The World Bank

Session Topics:

SESSION 1

Scaling Solar for the Just Energy Transition

09:45

Shining the Light on Solar Growth in Africa

panel

60 min.

Despite a steady increase in renewable energy financing over the past decade, wealthier nations such as China and the United States have consistently attracted the majority of solar investments. Least Developed Countries, where many lack basic energy access, received only 0.84% of investments between 2013 and 2020. This lack of power hinders farms, businesses, and public institutions, reducing food security, economic opportunity, and welfare. Without significant energy access investments in these low-income markets, entire countries will be left behind in the clean energy transition, leading to 215 million people being left behind by 2030. This session highlights the urgent need to scale solar for a just energy transition. This session will: 

moderator

Raihan Elahi

ESMAP

Sarah Bieber

Acumen

Joao Cunha

African Development Bank

Irene Bateebe

MEMD Uganda

Maya Stewart

Yellow

Faran Rana

International Renewable Energy Agency (IRENA)

Session Topics:
  • Highlight the Climate/ Access nexus (a different approach to invest beyond just measuring mitigation of carbon emissions)
  • "Portray" Just Energy Transition / Leave No One Behind
  • Highlight flexible financing instruments

10:45

Morning Networking Break

Session Topics:

SESSION 2A

Finance & Investment Trends

11:45

Laying out the Financial Plan for a Sustainable Future

panel

75 min.

Solar in Africa is rising and so are its investment opportunities - in 2022, investments further increased by 16%, reaching 0.5 trillion USD. Nevertheless, solar remains largely underfunded when we take the SDG goals as a target. Furthermore, it must be ensured that financial instruments incentives companies to enhance access to electricity, as about 85% of the investments benefitted less than 50% of the population. This session will explore strength, weaknesses and future of the finance mechanisms & trends available in the solar sector

moderator

Angela Muraguri

KawiSafi

Sanjeev Debipersad

AECF

Michael Franz

GET.invest

Chloe Koburunga

Triple Jump

Lorraine Indangasi

Charm Impact

Session Topics:

Key topics in this debate are:

  • Showcasing finance mechanisms and trends in on-and off-grid 
  • Highlight public-private partnerships for project development
  • Blended Finance: Where are blended structures more needed? Lessons learned and best practices
  • Making Finance Catalytic: How to catalyze debt and equity

SESSION 2B

Powering Climate Resilience

11:45

How Access to Electricity Changes Lives

panel

75 min.

730 million people still live without electricity. The majority are based in regions of the world most vulnerable to climate change. Access to decentralised renewable electricity is improving food and water security, connectivity, health, productivity and resilience.

This session will share insights on the ways that DRE can build adaptive capacities, generate millions of green jobs, and ensure that no one is left behind in the clean energy transition.

moderator

Kat Harrison

60 Decibels

Steven Fleurus

ENGIE

Oscar Ankunda

Power Africa

Sarah Alexander

SNV

Tafi Chikwakwata

Clamore Solar

Session Topics:
  • Highlight the Climate/ Access/Agri nexus - and how off-grid solar irrigation, cold chain and communications technologies can improve food and water security and drive climate-smart agriculture, including particular benefits for women
  • Profile the potential of DRE solutions to create green jobs and power enterprise
  • Explore how DRE improves income, savings and financial inclusion – boosting resilience

13:00

Networking Lunch

Session Topics:

SESSION 3A

Technology & Business Innovation

14:15

Africa's Vibrant, Dynamic, Next Generation of Solar Innovators

panel

75 min.

A new generation of solar technology in Africa is powering its solar energy future. These innovative and disruptive approaches and technologies keep the energy sector evolving and are needed to displace Africa’s fossil fleet. These solutions require integrated solutions and productive asset financing to tackle affordability and scalability. Data and digitalization are transforming the technology landscape and driving growth in distributed solar.

moderator

Russel Lyseight

Global Distributors Collective

Chanel Gisage

Sparkmeter

Edgar Wavomba

SunCulture

Jenny Fletcher

Ariya Finergy

Andi Kleissner

Amped

Alexandre Tourre

Easy Solar

Session Topics:
  • Which technologies are emerging as game-breakers?
  • How can technologies tackle issues surrounding accessibility and affordability?
  • Showing the approach that investors are taking in financing new technologies
  • Highlighting best practices to succesfully integrate solar technologies in a business model

SESSION 3B

Policy & Regulation

14:15

Integrated Energy Planning & Smart subsidies to achieve Sustainable Development Goals

panel

75 min.

Despite the increasing adoption of integrated energy planning approaches by governments to achieve universal Energy Access Goals, the finance and investment required to achieve these targets is woefully inadequate. The shortfall in funding cuts across equity, debt, grants, supply and demand side subsidies, and other fiscal support measures.
The situation is alarming, and urgent action is needed from both the public sector and development partners to unlock the finance and investment required to realize Sustainable Development Goal 7 (SDG7). This session will review the adoption of sector support programs to unlock necessary finance from governments and development partners, including subsidies and broader economic factors to realize SDG7

moderator

David Otieno

Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ)

Kristina Skierka

PowerforAll

Anthony Osijo

Bboxx

Sylla Elhadji

ECOWAS Commission

Giuseppe Gregu

REEEP

Paul Byamugisha

Ministry of Infrastructure – Rwanda

Session Topics:
  • Combining off-grid solar, mini-grid and utility-scale: The pathway to achieve universal access.
  • How subsidies contribute to reaching the underserved: Supply and Demand Side subsidies
  • Examples of best practice / leading countries in Integrated Energy Planning
  • Facilitating the targetted growth through subsidies?

15:30

Afternoon Networking Break

Session Topics:

SESSION 4A

Energy Leaders

16:30

Solar Champions in Africa

panel

60 min.

Get ready to be inspired! During this session, we'll explore multiple business cases from the Sub-Saharan African solar industry, sharing valuable lessons learned and highlighting opportunities that have been successfully seized. We'll examine what's working well and identify ways that the industry can continue to improve its approach.
These cases will serve as a source of inspiration and guidance for our discussions and debates, connecting days 1 and 2 of the Unlocking Solar Capital Africa conference.

moderator

Joyce Nkuyahaga

RTI International

Denis Karema

SokoFresh

Nick Imudia

d.light

Stella Lunkuse

SolarNation

Paul Kamoga

Aptech Africa

Safiya Aliyu

Sosai

Session Topics:
  • Transforming opportunities into success stories: major lessons learned
  • What makes a scalable and adaptable business-model

SESSION 4B

Carbon Finance

16:30

The Promise & Potential of Carbon Finance

60 min.

The Voluntary Carbon Market promises to be transformational for distributed solar markets in Africa, with some forecasting a billion dollar market by 2030. However, many challenges hamper this potential; uncertainty about the integrity of certain credits, a confusing array of methodologies and service providers, and high costs of developing projects.

The session will present the Africa Carbon Market Initiative (ACMI) Roadmap and the opportunities to boost supply and demand. It will showcase key players in the household solar, productive use, and clean cooking markets and explore the scale of the opportunity for each segment. The panel will dive into the role of digital innovation in the tech-powered carbon value chain, and explore questions around integrity, additionality, and inclusivity. We believe the time is now to unlock the potential of carbon finance for distributed solar energy in Africa.

moderator

Catherine Allinson

Future Earth

Lindsay Umala

Clean Cooking Alliance

Douglas Baguma

Innovex Uganda

Bernardo Lazo

Namene Solar

Tao Bindslev

CarbonClear

Jem Porcaro

Sustainable Energy for All (SEforALL)

Session Topics:
  • Identify the opportunities and challenges of scaling voluntary carbon markets for DRECs (household solar, PUE, CC, minigrid) in Africa
  • Exploring the Roadmap for upscaling VCMs and next steps for the solar energy industry
  • Showcasing leading companies and initiatives

17:30

Industry Announcements

presentation

20 min.

Join us in this energizing closure of day 1, with several exciting unveilings that will impact the solar future of Sub-Saharan Africa.

Crystal Mugimba

Open Capital

Lyndsay Holley Handler

Delta40

Emmannuel Beau

On Capital

Andreas Zeller

Open Capital

Thomas Duveau

A2EI - Access to Energy Institute

Brian Isabirye

MEMD Uganda

Duda Slawek

Open Capital

Raihan Elahi

ESMAP

Session Topics:

17:50

Closing Remarks

presentation

10 min.

Session Topics:

18:00

Networking Drinks & Snacks

Taking place at Infinity Pool, Speke Resort

Session Topics:

Thursday 1 June 2023

Program Day 2


08:45

Opening Remarks Day 2

30 min.

Session Topics:

SESSION 5A

Combatting Grid Problems to Safeguard Stable Electricity Supply

09:00

Grasping the Dynamic Battery & Storage Applications

panel

60 min.

Storage technologies like batteries and pumped hydro are deployed to balance the intermittent nature of solar. However, various questions still remain. How to leverage finance for storage assets? How to deal with the production costs of a storage system? Join this session for a unique insight on the booming battery & storage segment!

moderator

Troy Barrie

Ariya Finergy

Jibril Omar

OFGEN

Brendan Cronin

Soleil Power

Peter BenHur Nyeko

Mandulis Energy

Anne Gathoni

CrossBoundary Energy

Sammy Borothi

Jinko Solar

Session Topics:
  • How to make your energy storage projects bankable?
  • The contribution of energy storage in providing reliable electricity generation to promote cost-effective and clean growth
  • Effective management of energy storage supply chains
  • What are the best practices for fire protection of storage systems?

10:00

Weak Grid

panel

45 min.

Distributed solar and storage technologies combined with high-efficiency inverters and appliances are poised to transform electricity access for homes and businesses on the weak grid. Innovative solutions are emerging that offer more reliable, affordable, and cleaner power for 840 million people. This represents a $130bn climate finance opportunity that helps governments achieve climate goals.

moderator

Duda Slawek

Open Capital

Thomas Duveau

A2EI - Access to Energy Institute

Jolanda van Ginkel

IKEA Foundation

Jennifer Ifeanyi-Okoro

SunKing

Session Topics:

This session is based around the following points:

  • Distributed solar and storage technologies combined with high-efficiency inverters and appliances
  • Asset finance for households and enterprises on the weak grid
  • Investment opportunities

SESSION 5B

Subsidies Workshop

09:00

Results-Based Financing and its Impact on Access to Finance

105 min.

RBF grants in off-grid solar encourage companies to expand into difficult markets by offsetting costs or making services affordable for customers. It also helps companies access finance by reducing risks for lenders and investors. However, concerns exist regarding the sustainability of RBF and its impact on companies' sales strategies. This session aims to understand investor perspectives on RBF and use that insight to enhance its design, ultimately increasing investments in the sector. The session will cover two types of RBF: supply-side subsidies and end-user subsidies.

This session is hosted by the End User Subsidy Lab (GOGLA, ESMAP, Endev) and the RBF leadership group.

 

Jem Porcaro

Sustainable Energy for All (SEforALL)

Federico Hinrichs

ESMAP

Session Topics:
  • Convene key stakeholders (from the private and public sector) for a workshop-style discussion on the role of RBF in catalysing investments in off-grid solar
  • Discuss how the design of RBFs is a balancing act of public- and private-sector objectives – especially in the longer term
  • Discuss specific opportunities to improve the design of RBF programmes

SIDE SESSION

Matchmaking (Sign Up Required)

09:00

African-Owned Companies & Investor Networking Session

240 min.

*Sign-up is required to attend this session

This local company networking session will be building up on the virtual boardroom that took place at the GOGLA Off-grid Solar Forum in October 2022 which aimed to understand investment barriers in the off-grid solar sector towards locally owned and managed companies. The purpose of the session is for companies and investors to have candid conversations on issues and challenges faced on both sides when it comes to fundraising and come up with innovative solutions to ensure local companies can access fitting capital to foster the growth of new companies and business models to meet the demand for electricity services and appliances.

The session will consist of facilitated roundtable discussions on current roadblocks when it comes to local companies becoming investment ready and being able to access suitable finance. The roundtables will include a mix of local companies, investors, and TA providers with the aim to reach common ground and find practical solutions to some of the pressing issues.

Session Topics:

10:45

Morning Networking Break

Session Topics:

SESSION 6A

Taking Stock of the Utility and C&I Markets

11:30

Utility-Scale Solar: From Market Concept to Realized Project Development

panel

45 min.

The utility-scale solar industry in Africa has gained notable momentum in recent years, thanks to the backing of development finance institutions (DFIs) and commercial banks. Join this discussion to gain a well-rounded insight on the evolution of this market.

moderator

Pauline Cyiza

Ayuda en Acción

Juan Luis Agarrado

3E

Robert Mubiru

Umeme

Nicholas Mukisa

National Renewable Energy Platform

Zion Okama

TotalEnergies

Session Topics:
  • Perception of DFIs and commercial banks
  • Impact of macroeconomic & geopolitical developments on the utility sector
  • An evolution of the market; scoping projects, what works & best lessons learned?
  • Practical (project development) examples of utility projects

12:15

Booming Business: The Expanding C&I Segment

panel

45 min.

This session is powered by: Starsight Premier Energy Group

moderator

Nambuya Imbega

CrossBoundary Energy

Rupesh Hindocha

Starsight Premier Energy Group

Peter Page

responsAbility

Mathew Kimolo

Sagemcom

Manish Gathani

Pan African Network

Session Topics:
  • What are the cost savings associated with installing a solar energy system for business owners, and how can businesses accurately calculate their return on investment (ROI)?
  • What are the financing options available for businesses looking to install a solar energy system and how to access them?
  • What are the latest technological advancements in solar energy, and how can these advancements be leveraged to enhance the performance and efficiency of C&I solar energy systems?

SESSION 6B

The Driving Forces of a Sustainable Solar Future

11:30

Unlocking Value by Investing in Women

panel

45 min.

 

Pursuing gender equality is a smart business decision for energy companies. There is strong evidence that having a significant proportion of women in the workforce, including in leadership positions, positively correlates with a company’s increased profitability, innovation, decision-making, resilience, and greater ability to gauge consumer needs, which can help to reach more women and improve the quality of service provided. By investing in women, the renewable energy industry can unlock additional value for consumers, businesses, and investors in Africa.

Learning from IFCs Energy2Equal (E2E) program, this session will highlight insights and good practice in closing the gender gaps in small, medium and large renewable energy companies and discuss the benefits to be gained from increased investment in women-led and inclusive businesses.

 

moderator

Rebecca Rhodes

GOGLA

Lucette Denoman

International Finance Corporation (IFC)

Randa Mrabat

ENGIE

Marie Ephigenie

ElleSolaire

Geraldine Sande

Schneider Electric

Session Topics:

The main discussion will be organised around the following areas

  • Bridging the Skills Gap in the RE sector by investing in women as entrepreneurs/distributors in solar
  • Results from increased investment for women-led inclusive businesses
  • Insights and good practice from the E2E Program

12:15

An Aerial View on Africa's E-Mobility Landscape

45 min.

moderator

Warren Ondanje

African E-Mobility Alliance (AfEMA)

Crystal Mugimba

Open Capital

Jakob Hornbach

Bodawerk

Luke Barras

Mobile Power

Toukam Ngoufanke

Persistent Energy Capital

Session Topics:

SIDE SESSION

Matchmaking (Sign Up Required)

11:30

African-Owned Companies & Investor Networking Session

90 min.

*Sign-up is required to attend this session

This local company networking session will be building up on the virtual boardroom that took place at the GOGLA Off-grid Solar Forum in October 2022 which aimed to understand investment barriers in the off-grid solar sector towards locally owned and managed companies. The purpose of the session is for companies and investors to have candid conversations on issues and challenges faced on both sides when it comes to fundraising and come up with innovative solutions to ensure local companies can access fitting capital to foster the growth of new companies and business models to meet the demand for electricity services and appliances.

The session will consist of facilitated roundtable discussions on current roadblocks when it comes to local companies becoming investment ready and being able to access suitable finance. The roundtables will include a mix of local companies, investors, and TA providers with the aim to reach common ground and find practical solutions to some of the pressing issues.

Session Topics:

13:00

Networking Lunch

Session Topics:

SESSION 7A

Productive use and Off-Grid

14:15

Building an Attractive and Stable PURE Financial Space

panel

45 min.

With the development of near-to-market PURE technologies (such as Solar Water Pumps, SRUs, or hybrid inverters), significant funding is needed to go into these technologies. Whilst some PURE technologies are more mature than others, in most countries across SA and SSA, PURE remains nascent and thus there is a need for early stage equity, debt, grants and subsidies to address consumer’s affordability; alongside technical assistance.

This session will address where the market is at and pathways to ensure that productive use companies have adequate finance to bring their products to market and scale while addressing consumer’s affordability gap.

Shelmith Theuri

GreenMax Capital Advisors

Chiedza Mazaiwana

EEP Africa

Christopher Emmott

Acumen

Divya Balakrishnan

GET.invest

Michael Kuntz

Simusolar

Ayoola Dominic

Koolboks

Session Topics:
  • Elaborating on the finance and investment needs of companies in this space including grant, equity, debt and others, and evaluate current solutions available both for the companies and their customers.
  •  Exploring challenges currently faced limiting the growth and scale up of these market ready PURE solutions, explore innovative financing schemes needed.
  • highlight the role of various players including investors, financial institutions, public sector and development partners should play.

15:00

Early-Stage Equity Investments in the Off-Grid Solar Market

panel

45 min.

Off-grid solar technology has consistently high satisfaction scores from consumers and is considered the most economical way of bringing access to electricity for hundreds of millions of people. Despite this, equity investments in early-stage companies are scarce and many countries and communities are being left in the dark. This session will host an intimate discussion with two companies that have bucked the trend with recent equity deals, and ask what can we learn to scale equity investments in the industry.

moderator

Sarah Bieber

Acumen

Jean-Baptiste Lenoir

Qotto

Session Topics:

SESSION 7B

Workshops

14:15

Local Currency Debt Financing Workshop

90 min.

Unlocking local currency debt financing has long been a strategic goal for the distributed solar markets in Africa. It would allow companies to unlock a new source of working capital and manage forex risk, whilst contributing to a more vibrant national economy. But the young sector has struggled to engage national banks, despite considerable efforts and support from development partners. This session will convene multi-lateral development banks, national banks, government stakeholders, and companies to explore the barriers to local currency debt financing and identify actions to scale-up this important investment stream.

Drew Corbyn

GOGLA

Elsbeth Koning

AfDB & SEFA

Besnik Hyseni

ESMAP

Session Topics:

Participants benefit as the session will:

  • Convene key stakeholders to explore the barriers and success factors for increasing local currency debt financing through national banks. 
  • Raise awareness about funds and funding opportunities in the sector, including the AfDB LEAF and WB programmes.
  • Increase the network and knowledge of the participants.

SESSION 7C

Workshops

14:15

Scaling Electric Cooking Workshop

90 min.

This session explores the scaling of electric cooking as a realistic, sustainable, affordable and flexible solution to the global clean cooking challenge. It will draw on the experiences of a number of manufacturers, developers and financiers active in eCooking in both grid and off-grid contexts and will touch on issues of consumer preference, finance for producers/consumers/intermediaries, supply chain development, tariffs and affordability, demand enhancement, product development and marketing.

moderator

Simon Batchelor

Gamos

Justine Akumu

Ministry of Energy and Mineral Development - Uganda

Peter Mwesiga

Umeme

Will Clements

Gamos

Kato Kibuka

PowerUP

Meredith Muthoni

Burn

Agnes Naluwagga

CREEC

Session Topics:
  • Provide detailed evidence from the deployment of electric cooking solutions in different contexts
  • provide a forum for discussing mechanisms for the accelerated scaling of electric cooking

15:45

Afternoon Networking Break

Session Topics:

SESSION 8A

Interactive Partner Sessions & Fireside Chats

16:45

Exploring Africa's Mini-Grid Financing Landscape

60 min.

Minigrids are infrastructure projects, which require long-term patient capital with low return expectations. To power 380 million people in Africa by 2030, the World Bank estimates that Africa needs 160,000 minigrids at a cumulative cost of more than USD 90 billion. As a result, the sector will require several different types of capital, including equity, debt, and concessional financing. 

In order to end energy poverty by 2030, Africa needs 160,000 mini-grids. This session will explore the type of financing required to enable meaningful scale for the minigrid sector, and explore the existing and needed types and structures of financing to unlock scale for the minigrid sector. Additionally, the panelists will discuss the right type of enabling environment to attract additional capital for the deployment and implementation of minigrids in Africa.

moderator

Grace Perkins

AMDA - Africa Minigrid Developers Association

Dario Fallara

Equatorial Power

Idris Tayebi

NEoT Capital

Olugbenga Ajala

Ashipa Electric

Nickson Bukachi

EPRA

Session Topics:

SESSION 8B

Workshops

16:45

Falling Forward: SDG-7 Productive Failures Workshop

60 min.

Failure is an invaluable part of learning. No idea arrives fully formed; any meaningful success is the result of experiments, failures, and undeterred iteration. Yet in the energy access sector, the competitive pressures of fundraising and demonstrating impact can push useful lessons belowground. If we do not find a way to collectively process the lessons from failures and build upon them, then we risk becoming a paradox of a sector: full of omnipresent success and ever-worsening problems.

Dan Waldron

Acumen

Ronan Ferguson

Clean Cooking Alliance

Lyndsay Holley Handler

Delta40

Session Topics:

This session aims to shift that dynamic by bringing together organizations, researchers, and entrepreneurs who have intentionally examined failures (both their own and others’) to achieve two main objectives:

  • Share critical lessons that various participants have learned from products, programs, and investments that did not meet their desired objectives
  • Offer space and time to discuss and build on those failures, then share back lessons with the wider group.

17:45

Closing Words Unlocking Solar Capital Africa 2023

15 min.

Session Topics:

18:00

Networking Drinks & Snacks

Taking place at the Exhibition and Catering Area

Session Topics:

Need any help?

We got you. Send out an email to our team and we are here to help.

Laura Fortes
Senior Project Manager

For questions about the program and content of the event:

[email protected]
Manoela Hartung
Project Manager

For practical questions regarding our activities:

[email protected]
Tor Jörgensen
Business Developer

For questions regarding partnership opportunities:

[email protected]