CENTENNIAL GENERATING CO. SET TO INVEST $10 MILLION FOR ITS SYSTEMS IN EAST AFRICA
Centennial, an independent power producer, targets commercial and industrial customers in Rwanda and elsewhere in the region... a segment of the market that is underserved as most off-grid solar power generation is rural based, focused on pay-as-you-go services and large utility-scale projects.
In the middle are corporate customers, in and near cities that face relatively expensive power bills and frequent power outages, adding to the costs of running businesses.
The article can be viewed here: https://constructionreviewonline.com/2017/01/centennial-generating-company-set-to-invest-us10m-for-its-systems-in-east-africa/
CNBC AFRICA INTERVIEW WITH CENTENNIAL'S FOUNDER AND MANAGING DIRECTOR
CNBC Africa's George Ndirangu interviews Centennial's Founder and Managing Director, David John Frenkil: At no upfront cost, Centennial offers affordable, reliable and non-polluting power systems for customers. Centennial's projects integrate solar photovoltaic technology with battery storage systems. Instead of selling the equipment to customers, Centennial sells the power that is generated from the equipment.
The interview can be viewed here: https://www.cnbcafrica.com/video/?bctid=4903712624001
MERGER MARKET ARTICLE ON SOLAR IN A TRUMP PRESIDENCY
“Over the past few years, private equity firms and hedge funds have been treating solar investment as the infrastructure play that it really is,” said David John Frenkil, Managing Director of Centennial Generating Co., a commercial solar developer.
A former Infrastructure Finance Attorney with Chadbourne & Parke, Frenkil said, any infrastructure bill under Trump’s administration would likely include solar power. That is due to the Republican president’s private enterprise-friendly motives, focus on creating new jobs, while solar has proven to be a job creator without the vocational training required of many shale industry and other fossil fuel jobs.
CENTENNIAL INSTALLS SOLAR POWER PROJECT AT THE KIGALI GENOCIDE MEMORIAL CENTER
“Instead of requiring upfront capital, Centennial is selling us the electricity generated by the solar system at a discount compared with our current power costs. This will allow us to dedicate more funds to our remembrance and peace education programs,” said Honore Gatera, manager of Kigali Memorial Center.
Centennial finances, installs, owns, operates and maintains the power system which mitigates the high initial cost of solar photovoltaic (PV) systems, a significant barrier to PV adoption. This means the beneficiary client pays for the power he has consumed and the price is locked in for the over 15 years of the contract. Centennial’s focus is on working with commercial and industrial customers in and near cities to help support the emerging middle class.
CENTENNIAL SEE FAST-GROWING RWANDA AS PRIME FOR COMMERCIAL SOLAR
"We were attracted to Rwanda's good governance, rule of law and ... we were looking for a market where we can establish a long-term presence, bring local workers onto our team and add value in terms of offering reliable and affordable access to electricity in a way that reduces emissions."
The article can be viewed here: https://www.snl.com/InteractiveX/Article.aspx?cdid=A-32026006-13878