A recent report has highlighted the vast solar potential that exists in Africa, with the continent holding approximately 60% of the world’s total solar potential. However, despite this vast potential, Africa receives less than 3% of global energy financing, a situation that has been described as a major obstacle to the development of the continent’s renewable energy sector. According to a UN official, this lack of financing is hindering the ability of African countries to develop their solar resources and transition to cleaner energy sources. The official noted that the lack of investment in Africa’s solar sector is not only hindering the continent’s ability to reduce its reliance on fossil fuels but also limiting its ability to achieve its sustainable development goals. The report also highlighted the fact that many African countries are facing significant energy access challenges, with millions of people lacking access to reliable and affordable energy. The development of solar energy in Africa could help to address these challenges and provide energy access to millions of people. However, the lack of financing is making it difficult for African countries to develop their solar resources and achieve their energy access goals. The UN official called on international investors and financial institutions to increase their investment in Africa’s solar sector, noting that the continent offers a significant opportunity for investment and growth. The official also emphasized the need for African governments to create an enabling environment for investment in the solar sector, including the development of supportive policies and regulations. Despite the challenges, there are many examples of successful solar energy projects in Africa, including large-scale solar farms and off-grid solar systems. These projects have demonstrated the potential of solar energy to provide reliable and affordable energy to communities across the continent. However, more needs to be done to scale up investment in the solar sector and achieve the continent’s energy access goals. The report also highlighted the importance of international cooperation and partnership in supporting the development of Africa’s solar sector. The UN official noted that international cooperation and partnership can help to mobilize investment, build capacity, and support the development of policies and regulations that support the growth of the solar sector. In addition, the report emphasized the need for African countries to develop their own domestic financing mechanisms, including green bonds and other financial instruments, to support the development of their solar sectors. Overall, the report highlights the significant potential of solar energy in Africa and the need for increased investment and support to develop the continent’s solar resources and achieve its energy access goals. The development of solar energy in Africa could have a major impact on the continent’s economic development, energy access, and environmental sustainability, and it is essential that international investors, financial institutions, and African governments work together to support the growth of the solar sector.