As African nations strive to achieve 90% urban electrification by 2030, China-funded storage projects emerge as game-changers. But here's the billion-dollar question: Can these lithium-ion batteries and pumped hydro systems truly bridge the 580 TWh annual energy deficit reported across Sub-Saharan Africa?
Can China-ADB joint financing models truly address Asia's staggering infrastructure deficit? With ADB estimating annual infrastructure needs at $1.7 trillion through 2030 – and current investments covering barely half – this partnership has become a litmus test for blended finance effectiveness. Recent data from the Asian Infrastructure Investment Bank (July 2023) reveals that co-financed projects now account for 38% of all ADB-approved initiatives, up from 12% in 2019.
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