RES4Africa Foundation

Today, African countries, their governments, business communities and citizens recognize that universal access to sustainable energy is a foundation pillar for sustainable growth and healthy development to ensure a future and legacy for generations to come. Renewable technologies are for African countries a crucial solution to leapfrog towards cleaner energy systems, as well as a strategy for greater sustainability. The use of the abundant and diverse renewable energy sources they have been blessed with, can provide a reliable, secure and competitive answers to electrifying urban, peri-urban and rural Africa where hundreds of millions of Africans still lack access to electricity, and power the growing African businesses community by provide the means for productive uses of energy.

Africa has a tremendous opportunity to develop its vast renewable energy resources so as to contribute to the continent’s resilient, prosperous and sustainable development. To accelerate the energy transition and expand energy access in the continent calls for stronger, sustained and concerted efforts between public and private actors to attract private investments and technological transfers at a much higher scale than has so far been achieved.

In particular, there is an urge to:

• Increase market readiness and market confidence through additional market reforms;
• Expand private and policy dialogues paired with capacity building and technical assistance;
• Embrace private investment de-risking measures and the effective deployment of diverse tailor-made, one-stop financial development instruments;
• Implementing innovative business models able to bring development impact at scale in support of an energy transition;
• Enhanced, action-oriented alliances between African Regional governments’ institutions and international private sector actors.