On this week’s episode of #TruthtoPower, IntelStor's Founder & CEO, Philip Totaro dives into the feed in tariffs finance and capital efficiency of #renewableenergy within the Africa & Middle East region from the IntelStor Future of Renewables #marketresearch Report.

Many countries are simply not sophisticated enough to have a market in which FiTs could be offered or are necessary to offer, given that a government controlled utility company is typically the power offtaker. FiTs have ranged from US$70.57 for hydropower to US$113.21 for solar PV.

Overall, according to OECD reported data, Africa & Middle Eastern countries have received more than $102 billion in the past 25 years.

Historically, hydropower received the largest allocation of public finance on a yearly basis, ranging from 26% all the way up to 89% more than 20 years ago. Since 2014, solid biofuels have seen a surge in funding allocation, having previously seen 5 – 15% of annual funding.

Solar PV is the most capital efficient of all the renewable technologies in the Africa & Middle East region. Just US$52,000 per installed MW in public finance is spent to deploy the 43 GW that has been installed. Meanwhile, technologies like solid biofuels which has received a surge in funding throughout the region recently has shown poor performance in capital efficiency, with almost US$8.4 million per installed MW.

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