EAST AFRICA: UNDP launches innovation competition for off-grid solar

Through its Climate Aggregation Platform (CAP), the United Nations Development Programme (UNDP) is launching an innovation course in off-grid solar financing. The initiative aims to accelerate access to electricity in East Africa.

The CAP Financial Innovation Challenge focuses on stand-alone solar systems, including mini-grids and solar home systems. “Although significant progress has been made, new financial mechanisms and sources of finance are still needed to close the investment gap to achieve the 7th MDG of universal access to clean, affordable and reliable energy by 2030,” says UNDP.