Africa holds enormous resources, which can supply the world with energy from diversified energy sources. With a population exceeding one billion people, and with an estimated combined economy of $1.5 trillion, huge opportunities lie in wait for investors, developers and operators.
The AfDB estimates that to reach its New Deal aspirational vision of giving one billion Africans access to modern energy services by 2025, a total of 230-310 billion USD needs to be invested into electrification projects until 2025.
This kind of investment via new energy access funds is already ongoing through instruments like the private debt energy access fund recently set up by Swiss impact asset manager, responsAbility, or directly from the AfDB.
Read this country breakdown on which developments targeting specific energy needs in African countries are currently on track, courtesy of our host publication ESI Africa.
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