Diverse group of investors with over $2.0 billion under management say well-designed Results-Based Financing (RBF) for mini-grids will accelerate access to electricity for 600 million people in Africa, and unlock significant private capital.

For mini-grids to attract private investment, they require consistent, reliable, and rapidly deployable Results-Based Financing (RBF) programs. This paper was prepared by the signatory investors to present a unified message of support for these RBF programs to donors.

Less than 15% of $1.7 billion of investment in off-grid energy between 2010-2018 went to mini-grids. Yet $10-25 billion is needed annually to bring electricity to 450 million people by 2030 via renewable energy mini-grids. Investors believe the missing catalyst to unlock private capital is results-based finance (RBF).

2 billion smallholder farmers are among the most underserved populations in the world. Better access to clean energy has the ability to transform agriculture and speed econonic development, says Factor[e], but financial, operational, technical, and policy barriers need to be overcome.

For mini-grids to attract private investment, they require consistent, reliable, and rapidly deployable Results-Based Financing (RBF) programs. This paper was prepared by the signatory investors to present a unified message of support for these RBF programs to donors.

Power for All gathers together various predictions and trends that we see unfolding for electricity access and the distributed renewable energy sector in 2019.