A new CEEW report generates evidence on the impact of solar-powered productive use technologies on the net incomes of end-users. Access to finance remains one of the biggest challenges for small rural businesses, as is awareness among financiers.
A report tracking progress toward SDG7 says the status quo will leave nearly 3 billion without electricity or clean cooking by 2030. To achieve universal access, the report added, US$55 billion is needed per year.
Almost without exception, the growth of distributed renewable energy (DRE) in sub-Saharan Africa and developing economies in South and Southeast Asia has been achieved on the back of inexpensive imports from China. That is changing.
A huge shortage of capital for the sector remains, with just a decade left to achieve SDG7. And most money is concentrated in a small number of companies while ignoring most high-impact countries. What solutions are needed?
Despite an increase in investment for distributed renewable energy companies over the past 5 years, most of it went to a handful of companies and 93% say they are still trapped in a "Pioneer Gap" between seed and commercial capital. More patient capital is needed. This is according to a recent report, Accelerating Energy Access: The Role of Patient Capital, from campaign partner Acumen.
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