Description

The growth of the renewable energy market in Sub-Saharan Africa has been driven by global interest in clean energy and energy efficiency initiatives. To date the development of this market has been hampered by insufficient capital targeted at financing renewable energy projects. CE investment into SSA has mainly been in the form of climate change development assistance. The total investment between 2004 and 2008 was less than $5 billion. Africa’s first clean technology fund was formed in 2008. However, there are several financial and regulatory challenges that must be overcome before investment into clean energy projects in SSA follows the trend of global spend.