West Africa hogged more than twice as much investment as the east in a year which saw stock market backing plunge an ‘alarming’ 46%, leaving donor grant funding and debt to pick up the slack during a Covid-hit year, according to off-grid industry body GOGLA.
The former need not necessarily relate to conventional lithium-ion batteries, however, as a recent webinar staged by Solarpower Europe and EU body GET.invest discovered.
The Sustainable Development Goal set forth in SDG 7.1 calls for universal access to affordable, reliable, and modern energy services by 2030. It is estimated that currently 789 million people do not have access to electricity in their homes or communities. Rural inhabitants encompass 80% of the total number of people lacking household electricity access. On a global scale, rural inhabitants have been gaining access to electricity at a rapid rate over the past couple decades (IRENA 2020, 23). However, certain regions have seen little improvement in this area. Sub-Saharan Africa (SSA) is the starkest example.
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.
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