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Facilitating the financing of bioenergy projects in sub-Saharan Africa

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  • Hofmann, Michael
  • Khatun, Kaysara

Abstract

The purpose of this paper is to identify and develop potential solutions on how to facilitate the financing of bioenergy projects in Sub-Saharan Africa. We focus on four main areas that have been identified from empirical research in achieving this objective; these are: (i) financing, (ii) markets; (iii) trade and (iv) policy. The sources utilised consist of primary and secondary data compilation and analysis. Of particular relevance are the results of a market survey undertaken on funding opportunities, where the perspectives of both, project developers as well as project financiers are taken into account. Results indicate that the four areas cannot be treated autonomously, as they not only overlap but impact each other. There are a number of difficulties for biofuel ventures, not least the nature of the projects themselves, but also around the financing and political landscape of these enterprises. Common solutions which cross cut the four areas are the need to raise awareness and the skillsets, in areas including, financing opportunities, markets, policy, technical aspects among a range of stakeholders involved in biofuel ventures. There is also a necessity to create a supporting framework for the emerging carbon trading-related activities in Africa.

Suggested Citation

  • Hofmann, Michael & Khatun, Kaysara, 2013. "Facilitating the financing of bioenergy projects in sub-Saharan Africa," Energy Policy, Elsevier, vol. 52(C), pages 373-384.
    • Handle: RePEc:eee:enepol:v:52:y:2013:i:c:p:373-384
    DOI: 10.1016/j.enpol.2012.09.047
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    References listed on IDEAS

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    Cited by:

    1. Gasparatos, A. & von Maltitz, G.P. & Johnson, F.X. & Lee, L. & Mathai, M. & Puppim de Oliveira, J.A. & Willis, K.J., 2015. "Biofuels in sub-Sahara Africa: Drivers, impacts and priority policy areas," Renewable and Sustainable Energy Reviews, Elsevier, vol. 45(C), pages 879-901.
    2. Graham Von Maltitz & Alexandros Gasparatos & Christo Fabricius, 2014. "The Rise, Fall and Potential Resilience Benefits of Jatropha in Southern Africa," Sustainability, MDPI, vol. 6(6), pages 1-29, June.
    3. Ahmed, Abubakari & Campion, Benjamin Betey & Gasparatos, Alexandros, 2017. "Biofuel development in Ghana: policies of expansion and drivers of failure in the jatropha sector," Renewable and Sustainable Energy Reviews, Elsevier, vol. 70(C), pages 133-149.
    4. Monk, Alexander & Perkins, Richard, 2020. "What explains the emergence and diffusion of green bonds?," Energy Policy, Elsevier, vol. 145(C).

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