A briefing released by Oil Change International details how the growth of distributed renewable energy in Africa has so far failed to include locally-owned companies and initiatives. The Distributed Funds for Distributed Renewable Energy briefing by the advocacy organisation highlights the need for public finance institutions to prioritise local ownership of off-grid and mini-grid renewable energy initiatives. Only about 1-2% of international public finance for energy has gone to energy access for distributed renewable energy since 2014, and fossil fuels received more than 3.5 times the support than all kinds of renewable energy did from 2016 to 2018. Read more on:Distributed energy resources marketBronwen Tucker, research analyst at Oil Change International, said: “Mini-grid and off-grid renewable energy is more cost-effective and resilient than both grid-based renewable energy and off-grid fossil fuels.”Tucker continued: “Growing a locally owned distributed renewable energy economy is more important than ever. Read the Distributed Funds for Distributed Renewable Energy briefing.

Source: The North Africa Journal July 21, 2020 13:52 UTC