PV Decentralised Energy Investment (PV-DESI) Index
The PV-DEI index provides a measure of the favourability of investing in decentralised photovoltaic mini-grids in a given country, based on financial, environmental, social and political factors It can be of interest to institutional and private sector stakeholders: policy makers, international donors, governments and philanthropic investors
650 million people in Africa have no access to electricity. Although the continent has huge untapped renewable energy potential, there is a lack of investment in energy systems
The index highlights good practices as well as challenges
The index uses 52 indicators classified in 4 main pillars: financial, political, social and environmental
The financial and political indicators are positive if the funding possibilities are favourable and the political/policy situation is stable
The environmental dimension reflects the potential for exploiting local renewable energy resources, in particular with PV mini-grids and minimizing CO2 emissions
The social pillar is positive when investments can bring higher socio-economic impact i.e. electrification can bring greater relative benefits to areas starting from high levels of poverty
See the JRC publication "A multidimensional high-resolution assessment approach to boost decentralised energy investments in Sub-Saharan Africa" for detailed information