Finance Models for Rural Electrification from Renewable Energy Schemes

This paper explores different payment models for Renewable Energy (RE) schemes that have been implemented in different rural, urban and peri - urban areas in Sub-Saharan Africa. We discuss their mode of operations, successes accrued and challenges encountered. We give reasons why some have failed while others still exist and are growing stronger. The paper proffers solutions to the challenges and provides alternate models that could be adopted. The importance of providing sustainable payment models is that it would allow for the wide spread adoption/acceptability of renewable energy technologies and also ensure that RE service providers are well advised on the advantages involved in engaging with the rural poor, who are low income earners and at the bottom of the income pyramid