Since 1.5 billion people live without access to electricity, and nearly 3 billion people rely on traditional biomass as their primary source of energy, and since the provision of modern energy alleviates poverty, fosters growth and reduces inequalities, there is a critical need to find new ways to deliver modern energy on a sustainable basis. Indeed, if current trends are allowed to persist, more people will be without access to modern energy in 2030 than today.
Helios has identified 3 key requirements for accelerating access to modern energy:
- Skills need to be built for local stakholders to identify, set up and run modern energy projects. These skills include engineering, procurement and supply-chain management skills, as well as financial, commercial and the whole range of business skills from planning to credit management.
- a Framework needs to be identified that both incubates projects until they are capable of operation on a standalone basis, and also incentivises success.
- Money is needed to finance capital and start-up costs. Whilst there is a willingness of rural consumers to pay for energy (indeed many buy expensive kerosene and charcoal), the relatively high capital cost of modern energy is beyond the ability of most poor communities to pay for upfront and/or in full. And local stakeholders find it time-consuming and costly to finance the project preparation stages and to access the available capital.
Helios has the skills and expertise to address these requirements.