Schneider Electric Solar Spain S.A., the Spanish entity of the Schneider Electric solar business division has entered into a strategic alliance with Qbera Capital LLP, a leading asset management & independent advisory firm, to further support solar energy growth across selected frontier & emerging markets.
The first round of projects of 15MW will be rolled-out across in Mali, Ghana and Burkina Faso. Additional deployments of over 60 MW will further target six countries. Both parties have successfully focused on financing and developing solar energy & energy efficiency projects in Sub Saharan Africa (SSA), with potential to cover a greater part of all Sub Saharan continent.
“I am very excited about this new business model that has already materialized into the first success,” said Robert Immelé, CEO and Chairman of Schneider Electric Solar. “With this alliance, we are removing one of the biggest roadblocks in green energy deployment, aligning customer needs, advisory, technology and financing.”
“I am very excited about our alliance with Schneider Electric Solar. We continue to see an underserved market for solar across frontier & emerging markets, as such we are aiming to support a vast network of commercial and industrial companies with a complete solar solution,” said Ali Shafqat, CEO of Qbera Capital.
The Qbera-Schneider Electric Solar alliance provides a distinctive technical and financial proposition – further facilitating transition to net-zero carbon and specific UN Sustainable Development Goals (SDGs). The alliance also deepens both organization’s commitments & tangible deliverables towards multiple Sustainable Development Goals (SDGs).