Publisher: Invest Africa
Africa’s current energy gap is an exciting opportunity for the investment community and interest in renewable energy solutions has certainly peaked over the last few years. But if one thing is certain, Africans are not equipped to wait 5 years for new sources of power infrastructure to come online. Fresh thinking is required and many entrepreneurs are actively looking for ways to link unconnected rural Africans to reliable and sustainable forms of electricity. In this thought piece, we discuss the business-to-consumer (B2C) segment of the renewable energy market, its potential, and some of the challenges that are inhibiting growth in the industry. We conclude that while off-grid solutions will help Africa leapfrog the traditional reliance on utility provision of power, governments still need to focus on building core, on grid power infrastructure to fuel the needs of employment generating industries and ever growing urban centres.