February 14

Africa Getting Little of $382 Billion Renewable Energy Projects Cash

Renewable energy projects attracted investments worth $382 billion globally in 2021, according to the International Energy Agency, but only $13 billion, or three percent of that, funded projects in Africa, highlighting a major funding gap foiling green transition and energy access on the continent.

With only 48 percent of African population having access to electricity, experts say investment in the continent’s renewable energy sector could both leapfrog the green transition efforts and connect more people to the grid.

Photo Courtesy of Karen282.

Source: The East African (link opens in a new window)

energy access, impact investing, renewable energy