Experts say the bottleneck in transitioning to cleaner energy has shifted from technology to the systems supporting it, including funding. A new $285 million Bloomberg Philanthropies initiative aims to strengthen clean energy industries in emerging and developing economies.
Africa's clean energy challenge shifts from building projects to institutions and regulatory systems, experts say. Renewables generated 34% of the world's electricity in 2025, overtaking coal's 33% share.
Experts say the bottleneck in transitioning to cleaner energy has shifted from technology to the systems supporting it, including funding. Overcoming such obstacles is vital for securing access to power for the 600 million people in Africa who are yet to be connected. A new $285 million Bloomberg Philanthropies initiative aims to strengthen clean energy industries in emerging and developing economies by investing in market design, regulatory capacity, technical expertise and industry institutions.
This reflects a growing consensus that Africa's energy transition is constrained less by a lack of renewable resources or viable technologies than by the institutional capacity needed to turn those advantages into financially viable projects and electricity on the grid. Many projects remain delayed by weak market design, limited grid planning, slow permitting processes and fragmented regulatory systems. Across Africa, renewable energy costs have fallen sharply while investment appetite continues to grow.
However, investors say policy uncertainty, slow permitting processes and limited regulatory capacity are hindering projects. The Bloomberg initiative is looking beyond ambitious renewable energy targets to focus on helping projects attract long-term investments and connect to national grids. The next chapter of Africa's renewable energy story will not be only by the projects it builds, but the institutions that make these projects possible. Clean energy is now cheaper than fossil fuels in virtually every part of the world.
However, fixable obstacles are still slowing down deployment, and with energy demand rising at an unprecedented speed, we can't allow those obstacles to continue standing in the way. Rather than financing solar farms or wind projects directly, the initiative will invest in strengthening market design, regulatory capacity, technical expertise and industry institutions, areas increasingly viewed as essential for attracting private investment and accelerating use of renewable energy.
What has been missing is not the potential, but the institutional infrastructure and capabilities to unlock it. Philanthropy that targets those gaps directly is the kind of intervention that can shift the trajectory of a continent's energy system
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