Synergy is recognized as the Advisor of Choice for various government entities, procurers, developers, and financiers in Africa. Synergy has advised on a number of first-of-its-kind transactions, pioneering development and setting precedents, establishing itself as a Thought-Leader in Africa. Synergy’s marquee transactions have reaffirmed Synergy’s recognition as the Advisor of Choice for the procurement of power Projects for the utilities.
Hanwha Energy, the international energy development arm of the Hanwha Group for development of energy projects across the world has achieved financial close for 2 x 100 MW Energy Storage System (ESS) project at Shannonbrige and Lumcloon, Ireland (“Project”). The Export-Import Bank of Korea has acted as the lead arranger and provided the required debt financing for the Project. Hanwha Energy has been supported by Synergy Consulting as the exclusive financial advisor.
Synergy is recognized as the Advisor of Choice for various government entities, procurers, developers, and financiers in Africa. Synergy has advised on a number of first-of-its-kind transactions, pioneering development and setting precedents, establishing itself as a Thought-Leader in Africa. Synergy’s marquee transactions have reaffirmed Synergy’s recognition as the Advisor of Choice for the development of PPP frameworks with innovative financing structure to optimize cost to utilities.
With a considerable energy deficit, Africa is on the path to become a fertile ground for solar projects. Last mile grid connectivity, grid outages, and an unreliable power supply add to the woes of the energy supply in many of the African nations.
This paper touches upon the solar project implementation models and overview, opportunities and challenges that apply to C&I Solar sector in Africa.
Thoughts on growth of Energy Storage and Project Financing the storage projects in MENA region
Countries such as the US, China and Australia have made considerable advancements in energy storage. They are far from alone, as the benefits of energy storage have become an urgent focus for countries across the globe. Now, countries in the Middle East and North Africa (MENA) region are making their own significant strides. By Rohit Kumar, associate director, and Gurleen Kaur, associate, Synergy Consulting.
Solar parks were seen as an effective way to de-risk a project, with land and transmission infrastructure being developed by either the solar park developer or state nodal agency and project developers free to focus on project development. This plug and play model of project development has proven successful with 10.6 GW of solar capacity allotted across solar parks, as of February 2019. Solar park tenders have also witnessed active participation from foreign developers and an improved risk profile has led to record low tariffs in the Indian solar sector.
The Role of Public-Private Partnerships in the Global Economy
Public-private partnerships (PPPs) serve as a critical tool for fostering infrastructure and economic stability throughout the world.
Using this contract model, a government agency transfers a portion of its responsibilities and risks to a private-sector company or consortium as part of a long-term agreement to finance, build, and operate various infrastructure projects. PPPs have traditionally spanned multiple business sectors worldwide, including – but not limited to – water, power, public transportation, and beyond.