- While global investments in renewable energy are surging, the world’s poorest mostly African nations remain sidelined.
- With investors and lenders citing risk-aversion, only 2% of global renewable energy investment is in Africa while 1 billion Africans lack electricity.
- This discrepancy is a focal point at climate summits, as clean energy could stabilize these economies and reduce perceived risks.
- Congo-based Nuru recently raised $70M for solar-powered microgrids and charges 3x less than diesel generators, increasing access while reducing the cost of life-changing electricity.
