Topic Centers

Africa Power

The scale of need and opportunity for power and infrastructure project development in Africa remains colossal. In the 49 countries of sub-Saharan Africa, only approximately one-third of people have access to electricity, only two-thirds have access to running water, and transport access, density and quality rates are low even when compared to equivalent nations.

The next report “Financing power in Africa” highlights changing trends in project finance, both for government-driven programmes and as independent power producers seek commercial and industrial business-to-business sales. More projects would be financed and built each year as stakeholders improve frameworks and project pipelines, so what can stakeholders learn from success stories such as South Africa’s renewable energy independent power programme (REIPPPP), GET FiT in East Africa and Scaling Solar? 

Project developers, bankers, investors and experts share their views on increasing competition, including government-to-government projects, tenders pushing down offtake prices, the potential of Islamic finance, the growing impact of domestic institutional funds, and to what extent finance is only available for clean, renewable energy. Investment opportunities are also being opened by technology, such as household solar systems financed by digital payments. 

Filling Africa’s power gaps by 2030 could use up to $60 billion a year in investment to help connect 600 million people to affordable, reliable and sustainable energy.

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