Although developing countries (DCs) hold the bulk of global renewable energy potential – especially for solar and biomass energy – they have not benefited from the same level of private investment as developed countries. Such investments remain two times lower, which can partly be explained by the cost of developing energy production technologies. Clean energy-focused funds are still reluctant to invest in DCs and prefer to concentrate their operations in certain emerging countries, such as India and China. Both renewable energies and energy efficiency in DCs consequently hold a truly “unexploited potential” for investors. 