International public finance for gas and renewable power in Africa: What is available?
African governments face steep and rising costs as they work to expand electricity access and build lower-carbon power systems. Domestic revenues, household resources and local capital markets cannot meet these needs, leaving countries heavily reliant on external financing. At the same time, global public finance for energy is shifting: many funders have sharply reduced support for gas power, while investment in solar and wind is growing but remains far below what is required.
About this slidedeck
This slidedeck consolidates the latest evidence on what international public finance is actually available for gas and renewable power in Africa. It reviews trends across development finance institutions, export credit agencies and other public funders; clarifies which types of projects still attract support; and explains why funding for others—especially gas power—has become scarce.
The material is intended for policymakers, civil society organizations, energy planners and development partners who need a realistic picture of financing options for power generation. It also outlines the practical conditions that can help countries unlock more investment, including clear transition plans, transparency on emissions and spending, and stronger pipelines of bankable projects.
Key insights include the rapid decline in international support for new gas-fired power, the uneven but rising investment in renewables, the concentration of funding in a small number of countries, and the limited availability of alternatives such as Chinese finance or transition finance
Authors
Aaron Sayne
Lead, Sustainable Energy Supply
Erica Westenberg
Governance Programs Director
Abdoulaye Ba
Senegal Senior Program Officer