Bracewell’s Anne Lapierre spoke with The Banker about one of the more ambitious aims of The World Bank’s Mission 300, making wholesale reforms to the way the African national energy sectors are run as a means of attracting private sector investment back to the continent’s energy sector.
“International financial institutions have plenty of capital to deploy for renewable energy projects of various sizes, including in Africa,” Lapierre said. “Yet many projects on the continent, and in west Africa in particular, are simply perceived as unbankable due to questions about the state of government regulations and general political stability, which has seen the private sector pull back.”
Mission 300 is a collaboration between The World Bank and the African Development Bank to raise $90 billion to help supply electricity to an additional 300 million people across the African continent by 2030.
