Renewable energy projects in East Africa have faced significant financial challenges despite their potential to reduce carbon emissions and stabilise power grids. A review of existing literature and stakeholder interviews were conducted to gather data on financing strategies employed in renewable energy projects across East Africa. Specific attention was given to Morocco's experience due to its advanced policy environment and substantial investment in renewables. The analysis revealed that blended finance instruments, such as concessional loans and grants combined with private sector investments, played a crucial role in the successful implementation of renewable energy projects in Morocco. These mechanisms provided financial support while ensuring sustainability through long-term financing solutions. Morocco's experience demonstrates how effective policy coordination between government entities, international donors, and private investors can facilitate the deployment of renewable energy technologies, leading to more sustainable energy systems. Other East African countries considering similar projects should emulate Morocco's approach by integrating blended finance strategies into their national policies. This will help attract necessary funding while fostering long-term sustainability in renewable energy development. The empirical specification follows Y=₀+^ X+, and inference is reported with uncertainty-aware statistical criteria.
Benali et al. (Wed,) studied this question.