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
Chances are that if you live in a remote part of sub-Saharan Africa or South Asia and don’t have access to electricity, you also don’t have access to clean water. That’s hundreds of millions of people.
An updated analysis of electricity access by the International Energy Agency (IEA) concludes that “decentralised systems, led by solar PV in off-grid and mini-grid systems, will be the least-cost solution for three-quarters of the additional connections needed” to achieve Sustainable Development Goal 7 (SDG7) by 2030.
“New investors are interested in mini-grids, but they look at companies and say ‘They are not ready for us’,” says Katrina Pielli, senior energy advisor for the U.S. Agency for International Development (USAID). “It’s exhausting for investors to go through 16-tab spreadsheets with no two developers presenting things the same way.”
Deutsche Bank AG, which recently received Green Climate Fund (GCF) financial support to launch a $3.5 billion debt fund for decentralized renewable energy, has joined the Power for All campaign.
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