The new Electrification Financing Initiative (ElectriFI) aims to accelerate access to (rural) energy in developing countries by boosting private sector to yield business opportunities. Past efforts supporting rural electrification were predominantly grant-based and therefore not generating a leverage that would allow reaching the ambitious policy objectives, whilst the sustainability of projects was not optimal.

The objective of the Electricity Service Access Project is to increase electricity access in Zambia's targeted rural areas. There are three components to the project, the first component being on-grid electricity access expansion. This component will provide financing for on-grid connections in rural areas using the approaches under the OBA/connection fee subsidy program. To support the ‘last mile’ connections, the project will also finance critical.

Description

The Energy and Environment Partnership Trust Fund (EEP Africa) is a clean energy financing facility hosted and managed by the Nordic Development Fund (NDF) with funding from Austria, Finland and NDF. It is guided by a vision for a climate-resilient, zero-carbon future with the aim of contributing to the achievement of the Paris Agreement on climate change and Sustainable Development Goals (SDGs).

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 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.

The Energy Facility is a co-financing instrument which was established in 2005 in order to support projects on increasing access to sustainable and affordable energy services for the poor living in rural and peri-urban areas in African, Caribbean and Pacific (ACP) countries. Its objectives are set by the EU development agenda.