ENERGIZING FINANCE: TAKING THE PULSE 2019

The report finds that USD 6.4 billion in total financing is required by 2030 to close the energy access gap in Madagascar, the Philippines, and Uganda. This includes USD 1.8 billion specifically for affordability gap financing. The analysis highlights a heavy reliance on stand-alone solar to reach the 'last mile' in Madagascar and Uganda, while the Philippines leverages a more advanced mini-grid sector. Across all three countries, the transition to clean cooking remains a significant challenge due to low adoption of industrial improved cookstoves (ICS) and high upfront costs for clean fuels like LPG.

• Of the total financing needed, USD 1.8 billion is required to address the affordability gap for households. The remaining capital blend consists of approximately USD 2.1 billion in debt, USD 1.7 billion in equity, and just over USD 800 million in grants.
• In Madagascar, stand-alone solar is projected to be the dominant technology for achieving universal access, delivering 7.3 million new household connections (84.8% of electrified households) by 2030. This requires USD 1.19 billion in enterprise financing and USD 662 million for the affordability gap.
• Madagascar faces a severe clean cooking deficit, with less than 1% of households using clean fuels. Achieving universal access requires USD 148 million for enterprises and USD 217 million for affordability gap financing to help 90% of households afford industrial cookstoves.
• The Philippines has a high existing electrification rate, but reaching the final 8% of households by 2030 will require USD 1.25 billion for off-grid solar. Stand-alone solar is expected to peak at 10.5% of electrified households by 2025 before declining as grid and mini-grid services expand.
• Mini-grids are highly developed in the Philippines, currently serving 800,000 households. The forecast scenario projects they will serve 1.25 million households by 2030, requiring USD 354 million in financing.
• Uganda's stand-alone solar sector is a global success story, currently serving 19% of households. To reach the 2030 target of 52% access, it needs 5.3 million new connections, requiring USD 1.43 billion in enterprise financing and USD 329 million for affordability.
• Uganda's mini-grid sector is nascent, with only 11 operational grids serving 4,000 households. The report forecasts 320 new mini-grids by 2030, serving 70,000 households, with a total financing need of USD 51 million.
• Uganda's clean cooking sector is dominated by biomass (95% of households). Achieving universal access requires shifting 12.2 million households to industrial ICS, needing USD 193 million for enterprises and USD 207 million for affordability gap financing.

APA

Sustainable Energy for All (2019). ENERGIZING FINANCE: TAKING THE PULSE 2019. https://www.seforall.org/system/files/2019-11/EF-2019-TP-SEforALL-w.pdf

Chicago

Sustainable Energy for All. ENERGIZING FINANCE: TAKING THE PULSE 2019. 2019. https://www.seforall.org/system/files/2019-11/EF-2019-TP-SEforALL-w.pdf.

Wikipedia

{{cite report |author=Sustainable Energy for All |title=ENERGIZING FINANCE: TAKING THE PULSE 2019 |date=2019 |url=https://www.seforall.org/system/files/2019-11/EF-2019-TP-SEforALL-w.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{sustainableenergyforall2019energizing, author = {{Sustainable Energy for All}}, title = {{ENERGIZING FINANCE: TAKING THE PULSE 2019}}, institution = {Sustainable Energy for All}, year = {2019}, url = {https://www.seforall.org/system/files/2019-11/EF-2019-TP-SEforALL-w.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }