Over a billion people remain without access to electricity. To overcome this we must tackle the investment challenge
Despite energy being a basic requirement for economic growth and development, the International Energy Agency (IEA) says that 1.3 billion people do not have access to electricity. This mainly applies to people living in rural areas of Asia and sub-Saharan Africa.
Only 5% of sub-Saharan Africa has access to energy. Electricity consumption per capita in the region is one-sixth of the world’s average, and total consumption in the region is only as much as in the state of New York.