Africa

Unlocking investments in the renewable energy market in Africa

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Unlocking investments in the renewable energy market in Africa

Across Africa, the complexity of renewable energy projects and their long durations are hampering crucial energy investments

NAIROBI, Kenya, September 21, 2021 / APO Group / –

The African Energy Guarantee Facility (AEGF) is launching a virtual tour of free webinars enabling a better understanding of risk issues for renewable energy projects on the continent, and conversations on risk mitigation solutions. The first webinar will take place on Thursday, September 23 from 2:30 p.m. to 4:00 p.m. TO EAT. Please click here (https://bit.ly/3CyCtgo) to register for the event.

The session will focus on how to take more energy projects from the drawing board to the grid. While energy demand in African economies is expected to nearly double by 2040, and although the renewable energy potential is 1,000 times greater than demand, only 2 GW of the nearly 180 GW of this new renewable energy were added on the African continent.

Clearly not good enough! To improve the situation over the next two decades, new solutions urgently need to be implemented. Risk reduction and the promotion of private sector investment will play a crucial role in this.

During this 90-minute interactive session, AEGF partners: European Investment Bank (EIB), KfW Development Bank, Munich Re and the African Trade Insurance Agency (ATI) will share their experiences and provide valuable information on how they were able to come together and design practical solutions for investors and financiers of green energy projects in Africa aligned with the goals of SDG7.

Across Africa, the complexity of renewable energy projects and their long durations are holding back critical energy investments. Tailored to the specific needs and risk profiles of sustainable energy projects, AEGF will tackle the investment challenge by providing expertise and underwriting capacity tailored to market needs.

AEGF will significantly boost private investment in sustainable energy projects, both by expanding access to clean energy and contributing to the achievement of the United Nations Sustainable Development Goals. The program supports new private sector investments in eligible renewable energy, energy efficiency and energy access projects in sub-Saharan Africa.

Short Link: https://wp.me/pcj2iU-3Cov

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