Case Study: Harnessing solar power for underserved regions: Enabling energy security in remote areas

Case Study

Harnessing solar power for
underserved regions: Enabling energy security in remote areas

570mn

The number of people lacking access to electricity in Africa

750 Mt

Annual CO2 emissions mitigation resulting from investments by SunFunder

US$165mn

The amount in loans granted by SunFunder to 58 solar companies

US$500mn

Gigaton Empowerment Fund announced by SunFunder and Mirova

cs22

Case study summary

The three pillars of the energy trilemma are energy security, sustainability and affordability. For some remote areas of developing countries to achieve any of those elements can appear out of reach due to the enhanced challenges of funding, building, and transporting energy to isolated locations.

That can lead underserved communities to find energy sources where they can, often leading to the burning of carbon-intensive materials for cooking, light or heat, like wood, animal dung, and coal, which also contribute to poor air quality.

While some solutions, such as solar power, could swiftly change the situation for people living in villages found in sun-blessed regions such as Sub-Saharan Africa, technology and cost can prove a barrier to accessibility.

SunFunder is a debt-financing provider for distributed solar for regions including Africa, where 602 million people could be without access to electricity by 20301. It collaborates with various organisations to give access to energy and long-term climate investments, some of which can help farmers cope with the effects of climate change.

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