Decades of technological process and falling manufacturing costs are turning the economics of electricity around. At the same time, a decade of private operators testing out new financial models has proven the viability of distributed renewable energy on the ground in Sub-Sahara Africa.
Why then, does electricity access still continue to lag behind in Sub-Sahara Africa? In fact, population growth is now starting to outpace the rate of electrification and rural communities account for 82% of the region’s unelectrified?
ESI Africa caught up with Edward Borgstein, Mission 300 Technical Advisor, and co-writer of a report on Structuring for the Last Mile: Financing the next era of African Electrification.
The Global Energy Alliance/Lightrock report suggests that broken financial architecture rather than a lack of technology, is the problem. Borgstein explains how restructuring the financing might address the problem by creating a different approach to creating the energy access and then servicing the electricity once it has been delivered.
Find Structuring for the Last Mile: Financing the next era of African Electrification
