ERA - Electricity Regulatory Authority

Fieldstone Africa Renewables Index Rates Uganda 3rd in Africa

The recognition of Uganda’s success on the energy front is not about to end anytime soon. The index released by Fieldstone Africa Renewables at the ongoing Africa Energy Forum 2016 in London has ranked Uganda 3rd among “the Big Five” on the African continent, only behind South Africa and Morocco.

Fieldstone Africa is the leading independent financial adviser and provider of related financial services in energy and infrastructure in Africa and the Renewables Index (FARI) is a practical renewable energy investment rating of African jurisdictions.

Uganda was recognized for the success of the GET FiT (Global Energy Transfer Feed-in Tariff) program that has produced several hydro projects and two solar projects currently under construction.

In what Fieldstone Africa referred to as “work put into resolving teething issues” in renewables, Uganda stands out for the work done in standardizing all licensing instruments and procedures and this has made investment in the sector less complicated.

In 2015, Uganda was ranked 3rd in Africa and 9th in the world among 55 emerging economies in Africa, Asia, Latin America and the Caribbean on the investment climate and policies for clean energy investments by Bloomberg New Energy Finance (BNEF).

Last Updated on Wednesday, 22 June 2016 18:30