Articles by Sarah Bieber
Universal Energy Access is Within Reach — If the Sector Survives COVID-19: Here’s How Funders Can Help
Before COVID-19 struck, the energy access sector was booming, delivering renewable power to 470 million people, creating 370,000 jobs and avoiding 74 million metric tons of greenhouse gas emissions over the past decade. But as Sarah Bieber at Acumen and Henry Gonzalez at Green Climate Fund point out, the pandemic has put that progress at risk, as dwindling investment, decreased customer income and dramatic price increases have created a crisis for energy access companies. They explore how funders can help get the sector back on track.
You might think that a lack of investment is the biggest problem facing off-grid energy companies. But as Leslie Labruto and Sarah Bieber at Acumen point out, in an industry that's seen over $1.4 billion invested since 2012, with only $50 million returned to investors, the lack of exits is an equally serious challenge. They discuss a new Acumen report that demonstrates how the shortage of exits is holding the sector back, and what can be done to address it.