Financing of Sustainable Energy Solutions

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Source:
African Development Bank Group
Authors:
Mafalda Duarte
Subha Nagarajan
Zuzana Brixiova
Date:
1 January 2010

The key challenges facing Africa’s power sector are inadequate generation capacity, limited electrification, low power consumption, unreliable services, high costs, and a financing gap of approximately $23 billion a year, according to the authors of this policy brief. They argue these challenges call for a paradigm shift in the development of the power sector that seeks to use the considerable renewable resources of the continent, including hydropower and geothermal power.