Investing in renewable energy projects is crucial for achieving the SDGs and the Paris Agreement goals. Currently, Sub-Saharan Africa is the region with the greatest need for additional energy to meet the demands of its growing economies and populations. For example, the IEA estimates that only in solar PV, the region would need 130GW installed by 2030 to meet the Sustainable Africa Scenario. At the average project size of the last three years, this would amount to more than one project being commissioned every day from now until 2030. By comparison, in 2023, only 8 solar PV projects reached financial close in all of Africa.
SEI’s Finance for Sustainable Development programme and the Swedish Mission gathered experts from UN entities, International Finance Institutions, Academia and the private sector to discuss the challenges and promising solutions to financing clean energy in Sub-Saharan Africa. The event aimed to explore the complexities of financing renewable energy projects in challenging settings characterized by high sovereign debt, inflation, political instability, and other risk factors, and to discuss the role of blended finance tools.
During the event, SEI researchers Daniel Duma and Miquel Munoz Cabré also presented findings from their research project The role of risk mitigation in renewable energy investments in Sub-Saharan Africa.
This event is by invitation only.


