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Publication - Think Outside the Grid: Africa's Trillion Dollar Energy Opportunity
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Title
Think Outside the Grid: Africa's Trillion Dollar Energy Opportunity
Publisher
DBL Partners
Author
Nancy Pfund, Yael Gilboa
Published in
June 2018
Abstract
The developing world, and sub-Saharan Africa in particular, is in the early stages of a dramatic energy transition. The increasingly tech-savvy and young population of Africa is embracing innovation, skipping landlines for mobile phones (2% vs. 80%), and increasingly choosing affordable off-grid solar in place of expensive and dangerous kerosene lamps or unreliable connections to the grid. Spurred by fundamental demographic and economic changes in the developing world, GDP growth in sub-Saharan Africa is dramatically outpacing other regions, and the supply of sustainable energy will both need to keep up and drive more growth in turn.
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