Publication date: July 2020
Author: Oil Change International
Description: Renewable energy produced through off-grid and mini-grid wind and solar installations – called ‘distributed renewable energy’ – has consistently been identified as the most effective, affordable, and resilient way to deliver electricity services to rural areas without access. However, only about 1-2% of finance for electricity in Africa is currently flowing to distributed renewable energy. Of this, the vast majority has been for multinational companies that are based in Europe or North America or led by entrepreneurs from these regions, meaning profits are largely not remaining in Africa.
