RECENT NEWS AND BLOGS FROM SCALING OFF-GRID ENERGY:
Newest Report from Acumen: Accelerating Energy Access: The Role of Patient Capital
African Development Bank to Help Mobilize over XOF 15B to Finance PAYG SHS
Blog: Market Insight Early Stage 'Blended Finance' for Universal Energy Access in Africa
"The DRC - the Best Pay-Go Market in the World?" : Lessons from BBOXX
Press Release: Persistent Releases Business Analytics Toolkit | Toolkit
Newest Blog: Streamlining Dealflow in the Off-Grid Energy Sector
PARTNERING TO GROW THE MARKET FOR OFF-GRID ENERGY SOLUTIONS IN SUB-SAHARAN AFRICA
More than 600 million people in sub-Saharan Africa live without access to electricity. Most countries are unlikely to connect their entire populations to grid electricity for years, if not decades. As a result, many households rely on expensive, dangerous, pollution-causing kerosene, and diesel fuel for their energy needs.
Scaling Off-Grid Energy will accelerate growth in the off-grid energy market to provide 20 million households in sub-Saharan Africa with access to modern, clean, and affordable electricity. Our vision is to spur a vibrant marketplace of enterprises that provide off-grid energy solutions that meet the needs of low-income consumers across the African continent.
Scaling Off-Grid Energy is a platform for leading donors and investors to develop Africa’s off-grid energy sector and coordinate investments to connect more households and businesses to electricity, faster. Scaling Off-Grid Energy will incentivize technological innovation, fund early stage companies, and support critical elements of the off-grid ecosystem.
The founding partners – the U.S. Agency for International Development, the U.K. Department for International Development, and the Shell Foundation – aim to advance the goals and commitments made under the U.S. and U.K. flagship energy access initiatives, Power Africa and Energy Africa.
- Expanding Supply: We support companies that serve off-grid customers by helping them expand geographically, test new business models and tap into private and public sources of finance.
- Driving Demand: We build consumer demand for off-grid power systems by encouraging innovation in products and services customers want and need, including energy efficient household appliances, energy storage, and digital financial services.
- Strengthening the Marketplace: We expand off-grid energy solutions by promoting policy and regulatory reforms, spurring the growth of mobile payment systems, and building capacity in local markets.