African energy’s investment gap
Well over 600 million people throughout the world do not have access to electricity, while another 1.5 billion suffer with unreliable electricity services. Sub-Saharan Africa accounts for more than 70% of the electricity access gap. Moreover, writes David Lecoque of the Alliance for Rural Electrification (ARE), the number of people without access to electricity did not change all that much between 2019 and 2021.
The International Energy Agency estimates that decentralized renewable energy (DRE) solutions are the lowest-cost electrification pathway for half of all the new connections needed to reach United Nations Sustainable Development Goal 7 (SDG 7), which is “to ensure access to affordable, reliable, sustainable and modern energy for all.” That entails connecting more than 600 million …
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