The impacts of renewable energy mini-grids extend far beyond high quality electricity access, providing rural communities with employment, increases in household savings and micro-enterprise revenue, and improved health, education and safety.
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.
To improve lender confidence and increase project financial attractiveness, micro-grid developers should reduce the risks of non-steady cash flows through four short-term actionable strategies
She provides strategic and operational guidance to the World Bank’s Energy and Extractives Global Practice to scale-up the bank’s energy access interventions. In addition to this role, Dana is coordinating energy access activities at the World Bank’s Energy Sector Management Assistance Program (ESMAP), where among other things she is the Program Manager for Lighting Global. Dana also leads a global initiative for applying the Multi-Tier Framework for tracking energy access in the context of the Sustainable Energy for All and SDG7 goals.
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