Inadequate energy access is a major obstacle to Africa’s development. Following the current trajectory, in 2030 over 600 million people in Africa will be living without access to electricity, equivalent to 36% of the population. Bridging this energy access gap will require upward of 300 GW of renewable capacity.

Most of this investment must come from the private sector, as public financing is not expected to exceed its current level of 15% (IRENA). However mobilizing private capital is hampered by a multitude of challenges.