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.
The Clean Energy for Development aims to increase access to renewable energy in developing countries. The initiative has provided lasting results for millions of people since it was started in 2007.
Both the Sustainable Development Goals and climate agreement in Paris states that the global community must continue to supporting sustainable energy development.
Renewable energy enables economic growth and protects the environment. Sustainable, affordable and reliable energy supplies are also prerequisites for abolishing extreme poverty.
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.
As a means of stimulating additional private sector investments in low income countries, the African Development Fund (ADF) introduced the Partial Risk Guarantee (ADF-PRG) instrument as part of the Twelfth General Replenishment of the ADF (ADF-12) to do two things. First, to leverage resources from the private sector and other co-financiers for ADF countries, including fragile states.
Access to sustainable energy is a key enabler for economic growth, health, education, and helps provide opportunities to all generations and populations. Sustainable energy lies at the heart of both the UN 2030 Agenda for Sustainable Development and the UN Paris Agreement on Climate Change, as well as other policy programmes and initiatives. The 2030 Agenda’s Sustainable Development Goal 7 (SDG7) sets out to ensure “access to affordable, reliable, sustainable and modern energy for all”.