1、CLEANENERGYIN WESTAFRICAWhite Paper 2023TABLE OF CONTENTSWHY INVEST IN CLEAN ENERGY?Energy infrastructureClean energy business models Importance of energy access Clean energy impact potential Clean energy potential Need for investmentCurrent energy access Case study:Easy Solar51016915131718 18192224
2、2525252730354343 HOW TO INVEST IN CLEAN ENERGY?Indirect vs direct investments:MFIs SMEs Important sector characteristics Business model financing Market barriers Case study:AccessBusiness model risks WHAT ARE OUR KEY CHALLENGES,ANDHOW DO WE DEAL WITH THEM?Challenges&our approachAssessing clean energ
3、y business model typesCase study:Mobile PowerFinancial performance assessment Trends&lessons learnedFinancing off-grid solarCLEAN ENERGY INWEST AFRICA 2023In preparation for launching the West Africa Bright Future Fund(WABFF),Cordaid Investment Management(henceforth,CIM)initiated research(1)to ident
4、ify the sectors with the most development impact potential.Thestudy has recognised clean energy as one of the most impactful sectors-the development of which could boost economic growth,employment,social inclusion,safety and contribute to climate change mitigation.Financing clean energy in West Afri
5、ca presents exciting opportunities,butmost investors cautiously avoid them since the sector is relatively new.Tohelp overcome the fear of the unknown,CIM developed this white paperbased on the latest industry research and in-house expertise.The white paper was prepared by Jolle Duff,Investment Analy
6、st at CIMwith a particular interest in clean energy business models.Jolle hasgained knowledge on the subject through post-graduate courses inclimate adaptation and climate&renewable energy finance from FrankfurtSchool of Finance&Management and through investing in clean energycompanies at CIM.This k