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.
Demand stimulation through appliance financing helps balance the load profile of mini-grids and increase capacity utilization, both keys to their long-term sustainability. US$1.3 billion of appliance financing is needed by 2030.
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?
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