By 2021, the green-energy investing will account for 25% of all energy spending, for the first time ever, surpassing spending on fossil fuels, according to Goldman Sachs. Africa's growing middle class could be pivotal to the continent's transition to a sustainable energy future.
The deployment of off-grid electricity is one important pathway toward reducing energy poverty. Off-grid technology can meet basic needs at an increasingly affordable cost and, when powered by renewable sources, in a clean manner. Yet until recently, we knew little about the current state of affairs: how much capacity do off-grid systems currently provide? And where?
With more than 600 million people lacking access to electricity in Sub-Saharan Africa, off-grid renewable energy has the potential to transform economies and lift millions out of poverty. But green power can do something else, too: it can help solve the continent’s mounting unemployment crisis. A perspective by Mugo Kibati of M-KOPA and Gilles Vermot Desroches of Schneider Electric.
SEforAll Africa hub in conjunction with the African Development Bank recently published a Mini-Grid Market Opportunity Assessment of Cameroon as part of the Green Mini-Grid Market Development Programme (GMG MDP) document series.
The Democratic Republic of Congo (DRC) is ranked 184 out of 190 on the World Bank’s ease of doing business index and 175 on ease of getting electricity. By comparison, Kenya, a favorite of the donor community when it comes to energy access, ranks 92 and 106 respectively. The World Bank recently credited Kenya $150 million to provide solar to under-served communities.
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