Financing the $170 billion African infrastructure gap using domestic capital pools isn’t quite a pie in the sky – there are several financing tools that are already sourcing local investment. But limited savings rates and poor investor appetite are likely to keep any capital dent small for now.
The global backdrop to wind has been looking shaky of late. Project financing backing the Baltic Power project has just signed – but the rest of the first wave of Poland’s embryonic offshore wind sector is facing delays. The country originally promised as much as 28GW by 2050 but the chances of success now look mixed due to inflation and critical cost increases.