Publication - The African Development Bank and Energy Access Finance in Sub-Saharan Africa: Trends and Insights from Recent Data

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Title
The African Development Bank and Energy Access Finance in Sub-Saharan Africa: Trends and Insights from Recent Data
Publisher
Friends of the Earth & Oil Change International
Author
Allison Lee, Alex Doukas, Kate DeAngelis & Elizabeth Bast
Published in
November 2018
Abstract
As of 2016, 590 million people in sub-Saharan Africa lacked access to electricity, and 850 million lacked access to modern energy for cooking. The number of people without access has declined in recent years, but population growth is quickly outpacing this progress. Under a business as usual scenario, an estimated 600 million people in sub-Saharan Africa will lack access to electricity in 2030, mainly in rural areas.

Most international public finance for electricity has supported large-scale, grid infrastructure. However, a growing body of evidence demonstrates off-grid and mini-grid solutions are a faster and often cheaper way to deliver electricity services to rural areas in the short-to-medium term. The International Energy Agency’s (IEA) “Energy for All” scenario finds that for a least-cost pathway to universal access in sub-Saharan Africa by 2030, 67 percent of electricity investment will be in off-grid and mini-grid solutions.

The African Development Bank (AfDB) launched the New Deal on Energy for Africa in 2016, which lays out AfDB’s strategy to help the continent achieve universal electricity access by 2025—a more ambitious timeline than the UN Sustainable Development Goal of universal energy access by 2030.

The New Deal includes aspirational targets of providing 75 million new off-grid connections and providing 150 million households with clean energy solutions for cooking. This report looks at the role of the AfDB and some of its peer development finance institutions in contributing to energy access in sub-Saharan Africa in light of these goals.
URL
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