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Solar adoption increasingly hinges on finance, not technology

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Solar

Access to flexible and appropriate financing structures is playing a dominant role in determining which projects proceed and which remain on hold

CAPE TOWN, South Africa, October 1, 2026/APO Group/ –For many businesses, the decision to use solar power to reduce electricity costs is taking a backseat to how the project will be funded.

After several years of rapid renewable energy uptake driven by load shedding concerns, the commercial solar market is entering a more measured phase. While the economics of solar remain attractive for many organisations facing rising electricity tariffs, access to flexible and appropriate financing structures is playing a dominant role in determining which projects proceed and which remain on hold.

 




  

As such, for project developers, installers and commercial energy customers, understanding the funding landscape has become as important as understanding system design and energy generation. Financing arrangements can influence project affordability, risk allocation, cash flow and the speed at which projects reach implementation.

“Our reporting this year shows that African businesses are, in effect, building their own grid. Roughly 80% of distributed solar capacity on the continent now serves commercial and industrial customers. The challenge now for this market to understanding whether the funding structure behind a project fits the business that must live with it for the next ten or twenty years,” says Nicolette Pombo-van Zyl, Editor-in-Chief of ESI Africa.

These considerations will be explored in an upcoming webinar hosted by Jaltech, in partnership with ESI Africa. This discussion will examine how businesses can navigate the commercial solar funding market and identify financing solutions that align with their operational and financial requirements.

The growing importance of funding choices

As energy users look to manage long-term electricity costs, they are faced with a range of funding structures, each with distinct advantages and trade-offs. Selecting the right option requires balancing project economics with organisational objectives, capital availability and customer expectations.

The webinar will provide a practical overview of the funding options available for commercial solar projects, examining the strengths and limitations of different financing approaches and how businesses can assess which model is most suitable for their circumstances.

The session will also consider what funders assess when evaluating projects and the steps businesses and project developers can take to improve the likelihood of securing finance.

“Across ESI Africa’s coverage of energy infrastructure funding, one theme keeps coming up: capital is available, but it goes to projects that are prepared for it. That holds for a utility-scale plant and for a rooftop system on a factory. Partnering with Jaltech on this webinar is about giving developers and energy users the practical knowledge to turn a sound solar business case into a project a funder will back,” says Pombo-van Zyl.

Moving projects from planning to implementation

While solar technology has become more widely understood and accessible, project funding remains a common point of uncertainty within the commercial and industrial energy sector.

“A power purchase agreement, a lease, a bank loan or an upfront capital investment can each be the right answer, depending on a company’s cash flow, its appetite for risk and who it wants carrying the operational burden. Upfront cost is still the biggest hurdle we hear about, and the businesses that move fastest are the ones that understand these trade-offs before they approach a funder,” says Pombo-van Zyl.

Capital is available, but it goes to projects that are prepared for it

For developers and energy professionals, the ability to match customer requirements with the right financing structure can influence project viability and accelerate decision-making. Equally, businesses considering solar investments need a clearer understanding of how commercial finance is accessed, what information funders require and where different funding models are most effective.

These practical considerations sit alongside broader industry discussions around energy affordability, investment readiness and the commercial pathways required to support continued growth in distributed renewable energy. Similar themes are being explored across ESI Africa’s energy coverage and industry engagement activities as organisations seek to balance cost certainty, energy security and long-term sustainability objectives.

Webinar details

Solar Funding 101 with Jaltech

Presenter: Jonty Sacks, Partner at Jaltech

Dates: 13, 16 and 20 October 2026

Time: 13:00 (SAST)

Duration: 30 minutes

Platform: Zoom

During the session, participants will gain practical insight into:

Commercial solar funding options currently available in the market

The advantages and disadvantages of different funding structures

How to assess customer requirements and align them with suitable funding solutions

What funders look for when evaluating projects

The process of securing commercial solar finance

Register here (https://apo-opa.co/4ANlUfC)

Those unable to attend the live session are encouraged to register to receive access to the webinar recording after the event.

As ESI Africa, created by VUKA Group, continues to examine the commercial realities shaping renewable energy adoption, access to finance remains a central factor in determining how quickly businesses can move from energy ambitions to implemented projects.

Distributed by APO Group on behalf of VUKA Group.

 




 

Business

African Energy Leaders Call for Action on South-South Oil and Gas Partnerships

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African Energy Chamber

At AEW 2026, industry representatives from Africa and the Caribbean say joint ventures, enforceable local-content rules and regional financing are needed to turn petroleum resources into domestic industrial growth

CAPE TOWN, South Africa, October 17, 2026/APO Group/ –African and Caribbean energy leaders called for stronger cross-border investment, technology transfer and enforceable local-content requirements to ensure emerging oil and gas producers capture more value from their resources during the session South-South Energy Partnership: Advancing Africa’s Oil and Gas Future in 2026 at African Energy Week (AEW) 2026 in Cape Town.

 




 
 

Ndapwilapo Selma Shimutwikeni, CEO, RichAfrica Consultancy, said partnerships could accelerate skills development.

“From a business perspective, we need to build partnerships that encourage joint ventures between experienced countries and emerging countries like Namibia,” she said. “We need to look beyond just oil production and actually look at the entire value chain.”

Building on Shimutwikeni’s remarks, Gilbert Yevi, Lead Consultant, Grenada Hydrocarbon Technical Working Group, called for partnerships that share risks and benefits rather than simply replace one source of financing with another.

We want cooperation and a collaboration in risk sharing, skill sharing, and sharing in the benefits

“We want cooperation and a collaboration in risk sharing, skill sharing, and sharing in the benefits,” he said.

Yevi also advocated regional training centers to pool expertise and help emerging producers access established industry capabilities.

Expanding on the topic of local content, Eric Williams, Principal Consultant and President, Royal Triangle Energy Solutions, said policies must be linked to a broader national development strategy, using petroleum resources to build domestic industries rather than focusing solely on exports.

“The Trinidad model is about using the molecules to develop the country,” he said, arguing that this vision should shape negotiations with upstream investors and the terms of petroleum contracts.

Omar Farouk Ibrahim, Regional Chair for Africa, World Energy Council, said national sovereignty concerns continued to limit practical regional cooperation, despite public commitments to collaboration.

“The first question they ask is: ‘Will the industry be in my territory?’ If it’s not, why should I? And for as long as we have this mentality, believe me, this cooperation and collaboration we’re talking about will just be theory,” he said.

Across the discussion, speakers emphasized that cooperation must translate into financing, enforceable commitments and local capabilities that endure beyond individual projects.

Distributed by APO Group on behalf of African Energy Chamber.

 




 

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Nigeria NOW! opens its project boardrooms to global investors in Abuja

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Nigeria

With Nigeria’s annual mining revenue up more than tenfold to above N70bn, Nigeria NOW! brings global investors to Abuja on 19 and 20 November, where the Minister of Solid Minerals Development is Chief Host

First and foremost all international investors coming to Abuja should understand that Nigeria is ready and open for business

LONDON, United Kingdom, October 21, 2026/APO Group/ –Platinum group metals, gold, nickel, copper, lithium and rare earth elements lie together in one mineral province in Kaduna State, which the Minister of Solid Minerals Development announced in June as world-class and the Nigerian Geological Survey Agency has verified. The Ministry opens its doors to global investors at Nigeria NOW!, held at the Bola Ahmed Tinubu International Conference Centre in Abuja on 19 and 20 November.

 




  

Processing is following the discoveries, as lithium facilities of $600m in Nasarawa State and $200m near Abuja sit alongside a $400m rare earth processing project in Nasarawa, and mining lease applicants must now submit value-addition plans. Annual mining revenue has risen from about N6bn before the current administration to more than N70bn by the end of 2025.

The routes to export markets are moving too, as the Federal Executive Council has approved deep seaports at Bakassi and Ondo as public-private partnerships, with the Bakassi port alone valued at $2.27bn.

With a month to go, investors and developers travelling to Abuja will meet these projects at close quarters. In investor boardrooms, the Government of Nigeria will review specific projects in depth, from large-scale infrastructure to multilateral programmes such as Mission 300.

Speaking to Energy News Network in September, Tunde Arisekola, Senior Advisor, Geological and Minerals Information at the African Minerals Development Centre, who joins the minerals session on the first day, said that “first and foremost all international investors coming to Abuja should understand that Nigeria is ready and open for business”. In the same interview he described Nigeria’s economy as “stable, safe, peaceful and welcoming to all international investors”.

The programme opens with a welcome from the Chief Host, H.E. Dr Oladele Henry Alake, Minister of Solid Minerals Development, followed by sessions on how the Ministry of Power will drive capacity into Nigeria’s industrial hubs and on the policies opening the minerals sector to foreign investment, including domestic processing and value addition. The second day turns to the pipeline of transport and port infrastructure and the $1bn Domestic Green Bond, and closes with an investors’ clinic on the 2025 Tax Act.

Lagos State Government, a Nigeria NOW! partner, now regulates its own electricity market after NERC transferred oversight to the Lagos State Electricity Regulatory Commission. Hon. Biodun Ogunleye, Lagos State Commissioner for Energy and Mineral Resources, told Energy News Network that “capital follows bankable cashflows”. The state’s job, he said, is “to create both the infrastructure plan and the commercial architecture that makes that plan financeable”.

On Friday 20 November, YES! Nigeria runs alongside the main programme under the theme “Empowering Today’s Entrepreneurs, Building Tomorrow’s Industrialists”. Abuja University and Philomath University are partners, and the Youth Sustainable Development Network is Community Partner. Its opening session hands the stage to young Nigerians already at work in the sector, among them Damilola Hamid Balogun of YSDN and Emmanuel Terwase of Boost Power.

Nigeria NOW! is held under the patronage of the Minister of Solid Minerals Development, with the Lagos State Government, the Nigerian Indigenous Women in Mining & Natural Resources Organisation, Women in Mining, Nextier and The Electricity Hub as partners.

Distributed by APO Group on behalf of EnergyNet Ltd..

 




 

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Global Islamic finance industry assets to reach US$10.5 trillion by 2030 as adoption broadens

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Global Islamic finance

The report draws on the Islamic Finance Development Indicator (IFDI), a global benchmark that assesses the development of the Islamic finance industry across 140 countries through five key areas, Financial Performance, Governance, Sustainability, Awareness, and Knowledge

For ICD, these developments reinforce the importance of ensuring that Islamic finance serves as a practical instrument for inclusive and sustainable economic transformation

KUALA LUMPUR, Malaysia, October 21, 2026/APO Group/ –LSEG, in collaboration with the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org), the private sector arm of the Islamic Development Bank (IsDB) Group, today announced the results of the 2026 edition of the Islamic Finance Development Report at the Kuala Lumpur Islamic Finance Forum (KLIFF) in Malaysia.

 




  

Key findings of the report include:

  • The global Islamic finance industry maintained a strong growth trajectory in 2025, with total assets reaching US$6.5 trillion, up 9% year-on-year. Growth was supported by the continued expansion in Islamic banking, record sukuk issuance, strong Islamic fund performance, and new regulatory frameworks.
  • Malaysia, Saudi Arabia, the United Arab Emirates, Indonesia, and Pakistan retained their positions as the world’s most developed Islamic finance markets. These countries continued to benefit from comprehensive regulation, strong institutional development, active financial markets, and well-established knowledge ecosystems.
  • Several markets recorded notable gains in performance, including Türkiye, Tanzania, Kenya, Benin, Azerbaijan, and Uzbekistan, highlighting the growing momentum across both established and emerging Islamic finance markets.

The report also identified several structural trends that are shaping the industry’s development. Regulatory reforms and stronger market infrastructure are supporting growth beyond core markets, particularly across Africa and Central Asia. Sustainability guidelines are increasingly prioritised, although activity remains concentrated in developed markets. Digitalisation is also advancing, with FinTech, open banking, and tokenised sukuk influencing financing, issuance, and settlement while widening access to financial products. However, talent development is lagging industry expansion, emphasising the need for stronger specialist education.

Khalid Khalafalla, Acting Chief Executive Officer of ICD, said: “For ICD, these developments reinforce the importance of ensuring that Islamic finance serves as a practical instrument for inclusive and sustainable economic transformation. ICD remains committed to advancing private-sector development across its member countries through targeted financing and the promotion of Islamic financial solutions.”

Mustafa Adil, Head of Islamic Finance, LSEG, added: “Looking ahead, global Islamic finance assets are projected to exceed US$10.5 trillion by 2030, supported by continued Islamic banking expansion, growing sukuk issuance momentum, emerging-market adoption and demand for sustainable and digital financial solutions.”

The report draws on the Islamic Finance Development Indicator (IFDI), a global benchmark that assesses the development of the Islamic finance industry across 140 countries through five key areas, Financial Performance, Governance, Sustainability, Awareness, and Knowledge. It provides a holistic view of the global Islamic finance landscape, measuring progress in alignment with Islamic principles and supporting stakeholders in identifying opportunities for growth and reform.

Read full report: Link (https://apo-opa.co/3TTw9yq)

Distributed by APO Group on behalf of Islamic Corporation for the Development of the Private Sector (ICD).

 




 

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