A new fund established by the African Development Bank could attract $650 million of private money into the sector, according to the lender.
Just over three terawatts will be installed by 2040. Coal generation will remain largely flat, however. Gas generation capacity will rise, making CO2-emissions reduction unattainable under current projection scenarios.
The microgrid utility has raised enough capital from Shell New Energies to deploy systems across sub-Saharan Africa.
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