This brief demonstrates that the energy transition in the countries in which energy demand is accelerating is constrained by availability and affordability of finance. It examines the demand for capital in emerging economies and their current political economy and investment landscape. Further, it discusses the evolving capital structures that can plug the gaps in these emerging markets. The brief also makes recommendations that would facilitate a robust energy transition.
Shares of debt in capital structures for solar PV have converged with and even surpassed those for wind