Modern, affordable, reliable and sustainable energy is critical for economic growth in Africa. As of mid-2017, 62.5% of the population of sub-Saharan Africa do not have access to electricity. There are many existing initiatives in this space, and there has been considerable progress (between 2000 and 2016, the number of people without electricity access globally fell from 1.6 billion to 1.1 billion). Despite this progress, universal energy access by 2030 seems unlikely based on the current electrification path. Existing initiatives urgently need to result in accelerated deployments of the technologies, business models and capital flows in the region.
The overall objective of the project is to contribute, via public private cooperation, to the annual 8.4% required electrification growth rate in Sub-Saharan Africa in order to reach universal energy access by 2030. This project will accelerate the progress of existing, third-party initiatives.