A Resilient Infrastructure Financing Framework for Renewable Energy Expansion in Sub-Saharan Africa
  • Author(s): Mohammed Lawal Giwah ; Zamathula Sikhakhane Nwokediegwu ; Emmanuel Augustine Etukudoh ; Ebimor Yinka Gbabo
  • Paper ID: 1709804
  • Page: 382-394
  • Published Date: 30-06-2020
  • Published In: Iconic Research And Engineering Journals
  • Publisher: IRE Journals
  • e-ISSN: 2456-8880
  • Volume/Issue: Volume 3 Issue 12 June-2020
Abstract

This paper proposes a resilient infrastructure financing framework for the expansion of renewable energy in Sub-Saharan Africa, a region where energy poverty, institutional fragmentation, and climate vulnerability intersect to impede sustainable development. Recognizing the region’s immense renewable energy potential and the urgent need for long-term capital, the paper conceptualizes resilience not only as technical durability but as the capacity of financial systems to withstand macroeconomic shocks, policy volatility, and implementation bottlenecks. It explores the distinct characteristics of renewable energy projects in the African context, namely, their capital intensity, long payback horizons, off-grid suitability, and deep community integration, which necessitate specialized financing approaches. The paper identifies and evaluates a range of financing mechanisms, including blended finance, de-risking instruments, domestic capital mobilization through pension funds and green bonds, and public–private institutional models such as Independent Power Producers and infrastructure funds. It emphasizes that effective deployment of these mechanisms is contingent on stable regulatory environments, cross-border energy market coordination, and robust institutional capacity. Policy enablers such as legal certainty, harmonized regional frameworks, and transparent procurement processes are highlighted as critical pillars for attracting and sustaining investment. The conclusion underscores that renewable energy in the region will only scale when financing structures are designed to be adaptive, inclusive, and aligned with both regional development priorities and global climate goals.

Keywords

Renewable Energy Financing, Infrastructure Resilience, Blended Finance, Sub-Saharan Africa, Public–Private Partnerships, Energy Policy Reform

Citations

IRE Journals:
Mohammed Lawal Giwah , Zamathula Sikhakhane Nwokediegwu , Emmanuel Augustine Etukudoh , Ebimor Yinka Gbabo "A Resilient Infrastructure Financing Framework for Renewable Energy Expansion in Sub-Saharan Africa" Iconic Research And Engineering Journals Volume 3 Issue 12 2020 Page 382-394

IEEE:
Mohammed Lawal Giwah , Zamathula Sikhakhane Nwokediegwu , Emmanuel Augustine Etukudoh , Ebimor Yinka Gbabo "A Resilient Infrastructure Financing Framework for Renewable Energy Expansion in Sub-Saharan Africa" Iconic Research And Engineering Journals, 3(12)