Addressing the renewable energy financing gap in Africa to promote universal energy access: Integrated renewable energy financing in Malawi

A guarantee of power purchase has been shown to attract energy sector investments. However, guarantees of power purchases such as Feed-in Tariffs, are experiencing slow market growth in developing countries because of a range of technical, regulatory and financial barriers. Using Malawi as a case study of a developing country, this review provides a perspective from a Sub-Saharan Africa Least Developed Country as to the various electrification, renewable energy deployment and climate change management challenges that still require urgent attention. This study shows that despite the perceived regulatory and financial challenges, Malawi can integrate and use a combination of (adapted) price guarantee schemes, cross subsidies and environmental taxes in-order to support initiatives aimed at supporting the country׳s development of renewable energy sources and hence indirectly support the Sustainable Energy for All Initiative.