Making Renewable Energy in Africa a Reality
Renewable energy might be good for the environment, but that’s far from its only advantage.
“For someone who lives in the middle of the Savannah miles away from diesel storage, the price of diesel isn’t the price of diesel, once you factor in storage and transport,” Alastair Herbertson, investment specialist with Investec Asset Management, told AFKInsider.com.
On the other hand, install a few solar panels and a micro-grid, and that remote village suddenly has improved access to reliable power — without the headache of costly logistics and without the heavy investment in extensive power lines and traditional infrastructure.
In other words, renewable energy can be more than an environmentally-friendly investment in a clear conscience: it very well might be an…