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Climate finance as a way to create energy access in Africa

Climate finance as a way to create energy access in Africa

While financiers, power developers, utilities and everyone involved in producing energy can agree that financing to address climate issues is needed, the exact parameters vary. Across Africa though, the concept of energy access is threaded through conversations around climate finance.

Both concepts are discussed throughout the Enlit Africa digital programme, which takes place from 8 to 10 June.

On day one a panel discussion on Tackling the 5Ds of the energy transition – a global initiative… with a local flavour, will build on the keynote addresses to ask whether Africa’ energy transition has to follow the same trajectory as the rest of the world.

The concept of Financing the African energy transition will also be discussed by a panel of experts, including Gillian-Alexandre Huart, CEO of ENGIE Energy Access.

“More than 600 million people in Africa, largely living in rural areas, don’t have access to electricity. The dominant means of providing them power is through national grid connections. However, due to the high costs of main grid extensions, off-grid technologies are considered by governments and donors as more cost-effective solutions to bring electricity to not-connected people in Africa,” said Huart.

Energy access is just the beginning

ENGIE Impact believes Africa’s energy transition is about creating universal access to energy and this is achievable through judicious investments in a combination of national grid extensions, minigrids and pay-as-you-go solar solutions.

“Off-grid electrification will play a major role to close energy gaps, faster and cheaper thanks to a number of enablers – energy efficiency which makes it possible to power multiple appliances with a limited amount of energy, PV and storage price reductions which make those solutions affordable and the quick expansion of the mobile economy,” said Huart.