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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