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 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.
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.
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.
The programme will catalyse a market based approach for private sector delivery of solar home system (SHS) products and services. This will lead to improved energy access for people in sub-Saharan Africa currently who are currently without modern energy. The programme will work in 14 priorty countries: Mozambique, Malawi, Zambia, Zimbabwe, Tanzania, Rwanda, Uganda, Kenya, Ethiopia, Somalia, Nigeria, Ghana, Sierra Leonne and Senegal.
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.