Baku, November 15 (IANS): Drawing on the first comprehensive dataset of more than 2,300 renewable energy start-ups across Africa and South Asia, a team led by the University of Oxford on Friday revealed India and South Africa among solar 'business hotspots'. "Our report identifies the countries where -- all other things being equal -- proactive policies and simple social affinity have created a better-than-expected environment for solar energy," said lead author Lorenzo Agnelli. By comparing start-up activity with the cost of electricity, the report further identifies: Business hotspots: such as India and South Africa, which combine vibrant start-up ecosystems with low solar costs. "Across the Global South, it has empowered agile, dynamic entrepreneurs. The report highlights concrete actions to overcome challenges to renewable energy entrepreneurship, including localising supply chains, holding renewable energy auctions, and adopting alternative consumer payment systems.

Source: The North Africa Journal November 15, 2024 13:20 UTC