According to SEforALL, an annual investment of USD 52 billion is needed to meet universal electrification targets by 2030. At present, financial commitments for electricity in the 20 ‘high-impact’ countries - representing 76% of those without electricity access, averaged just USD 30.2 billion annually. By 2030 clean energy mini-grids are expected to be the most cost-effective solution to deliver 71% of all new electricity connections in rural areas of Sub-Saharan Africa and South-East Asia.

To solve the energy access issue, substantial public and private investment will thus have to flow into the clean energy mini-grid sector.

With this in mind, the side-event will feature:

  • Presentation of learnings on how to facilitate private sector engagement in mini-grid markets based on ADB-ARE study on “private sector business models for clean energy mini-grids in South and South-East Asia”
  • Presentation of learning from “SEforALL Energizing Finance Philippines” study as a country example of financial flows into energy access;
  • Facilitated discussion on mini-grid financing challenges with developer(s), private financier(s) and gov. representative(s);
  • Networking reception (tbc)

This side event is organised by ARE, ADB and SEforALL as part of KIREC.

 

More information:

http://www.kirec2019.kr/

Date events
22 October 2019
Where
Seoul, South Korea

Contact

Jens Jaeger

Policy & Business Development Manager

+32 2 709 55 42