The project will contribute to SADC’s objective of creating access to affordable, reliable and sustainable energy services in the SADC Region. Although having a rich endowment of energy resources such as natural gas, hydropower, wind and solar the SADC Region faces serious energy challenges. The prevailing instability is compounded by many factors, e.g.
The Private Financing Advisory Network is a global network of climate and clean energy financing experts, which offers free business coaching and investment facilitation to entrepreneurs developing climate and clean energy projects in emerging markets.
Climate Investor One (CIO) is a blended finance facility. The first component of this programme is a development fund, which provides loans in the early stage of a project life cycle. The second component, a construction equity fund, will meet up to 75 percent of total construction costs in tandem with the project sponsor. Compared with conventional project financing, CIO removes the need for complex multi-party financing structures, with the potential to thereby reduce the time and cost associated with delivering renewable energy projects.
The $5.4 billion Clean Technology Fund (CTF) is empowering transformation in developing countries by providing resources to scale up low carbon technologies with significant potential for long-term greenhouse gas emissions savings. Over $4 billion (75% of CTF resources) is approved for implementation in renewable energy, energy efficiency, and clean transport.
To help rural communities in Ghana and Zambia gain access to electricity, Denmark funded two projects on renewable energy technology transfer (RETT) with Ghana and Zambia, with a strong focus on enabling coherent South-South cooperation between China and African countries to promote the UN’s Sustainable Energy for All (SE4ALL) initiative. The projects aim to adapt Chinese experience and technical skills to promote the production of renewable energy technologies in Africa.
The Carbon Initiative for Development (Ci-Dev) is a World Bank trust fund that mobilizes private finance for clean energy access in low-income countries. It delivers results-based finance to innovative and transformative business models driven by the private sector. Through 2025, Ci-Dev will have mobilized more than $250 million in private finance to provide low-carbon energy to more than 10 million people in the communities most vulnerable to climate change.
Power generation capacity in Kenya was 1,593 MW, in which 48% of the power was generated using hydropower as of June 2011. However, while the peak power demand in March 2011 was 1,294 MW and in January 2012 was 1,211.9 MW, the actual power supply was 1,194 MW, owing to a shortage of water. According to the “Least Cost Power Development Plan (LCPDP),” which is an electricity development plan of the Republic of Kenya, the peak power demand in Kenya is estimated to increase up to 12,738–22,985 MW in 2030.
The objectives of the Electricity Sector Support Project for Burkina Faso are to contribute to: (a) increasing access to electricity; (b) improving the reliability of electricity supply; and (c) improving efficient use of energy in targeted areas.
In 2015, the United Nations member states defined the seventh Sustainable Development Goal as: “Ensure access to affordable, reliable, sustainable and modern energy for all”. Subsequently, the Government of Mozambique, the British Government and various international partners signed the Energy Africa Mozambique Compact.
Only one-third of Benin’s population has access to electricity, and total per-capita consumption is low due to limited access and availability. At the same time, rapidly growing demand for power, inadequate maintenance, and insufficient investment have stressed Benin’s national electrical grid, leading to poor quality service that impacts households, hurts businesses and hinders social services.