Contributes to electrification of sub-Saharan Africa
Sweden supports the Power Africa initiative to bridge the financial gap and double electricity access for millions of people in sub-Saharan Africa. Power Africa is a partnership between the public and private sector that started in 2013. It aims to increase electricity access and solve Africa’s energy crisis.
Universal access to affordable, reliable, sustainable and modern energy is one of the Global Goals. This goal is also essential to be able to meet several of the other goals.
One billion people lack access to energy
One billion people across the world live without access to energy. Solving this will require a sharp increase in energy access investments. In sub-Saharan Africa alone, 600 million people, that is 70% of the population, lack access to electricity and clean cooking.
Public funding alone cannot bridge the financial gap and secure universal electricity access. It must be complemented with private financing.
Innovative methods to mobilise capital
Sweden’s support through Sida has for a long time focused on grant-funded investments in rural electrification, capacity building, and energy sector reform. Since 2015 the strategy includes new innovative methods to mobilising capital for private investments in renewable energy and energy efficiency in sub-Saharan Africa.