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.
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 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.
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”.
In 2012, in their Declaration on the Program for Infrastructure Development in Africa, African heads of state called for innovative solutions to accelerate infrastructure delivery. After broad consultations with African stakeholders, the African Development Bank established Africa50 as a new investment vehicle. It was designed as an independent infrastructure fund that focuses on high-impact national and regional projects, mostly in the energy and transport sectors, with a particular emphasis on increasing the pipeline of investment-ready projects.
The Ministry of Water, Irrigation and Electricity of Ethiopia is a federal organization established to undertake the management of water resources, water supply and sanitation, large and medium scale irrigation and electricity. The Ministry is a regulatory body which involves the planning, development and management of resources, preparation and implementation of guidelines, strategies, polices, programs, and sectoral laws and regulations. It also, conducts study and research activities, provides technical support to