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The Tanzania Association of Microfinance Institutions (TAMFI) has partnered with the Tanzania Renewable Energy Association (TAREA) to survey the potential role of financial institutions in promoting renewable energy, aiming to make it accessible to the most remote communities.
The Tanzania Association of Microfinance Institutions (TAMFI) has partnered with the Tanzania Renewable Energy Association (TAREA) to survey the potential role of financial institutions in promoting renewable energy, aiming to make it accessible to the most remote communities.
Tanzania has immense potential for tapping alternative sources of energy. But sources like the sunlight that is available almost daily, remain untapped. Also, the country is endowed with vast natural resources, like the River Rufiji to the expansive landscapes of Serengeti National Park, which can tapped for hydro energy.
Traditionally, Tanzania relies on hydroelectric power, which experiences challenges like dry seasons that affect the water levels in the dams, leading to power interruptions. Such disruptions can hinder urban progress and remote community activities.
Having thousands of hours of sunlight each year, Tanzania can invest in and use solar energy that promises sustainability, reliability, and economic viability. Solar energy provides a steady power supply, irrespective of seasonal changes. The dropping prices of solar technologies across the globe make them a cost-effective, long-term alternative, insulating consumers from unpredictable global energy prices
With advancements in solar technologies, global success stories, and financial support available, it is feasible and imperative. Efficient solar panels, enhanced energy storage, and advanced grid systems make solar adoption effective and practical.
Many countries, including Germany and Morocco, have successfully integrated solar energy, providing us with role models to emulate.
The global shift to green energy has unveiled numerous financial support options, awaiting our strategic approach.
Read Also:
https://trendsnafrica.com/tanzania-upbeat-on-its-economic-growth-prospects/
https://trendsnafrica.com/lindi-to-develop-as-a-blue-economy-hub-of-tanzania/
https://trendsnafrica.com/rmc-raises-us-1-million-for-nickel-exploration-in-tanzania/
Transitioning to solar energy necessitates a comprehensive approach, which requires investing in skill development to ensure the expertise required for integration and future maintenance.
In Tanzania, many remote areas remain off the national grid. Solar microgrids can therefore be a game-changer. By setting up decentralized solar power stations, we can empower remote communities by offering them electricity to enhance health, education, and business. Tanzania’s transition to solar should also prioritize research and development.
