NDF - Financing for climate change and development projects

Special Report: Renewable Energy Market Landscape Study for Southern and East Africa

Photo: EEP – Energy and Environment Partnership / Southern and East Africa

Recent report captures the renewable energy financing landscape for 15 countries in Southern and East Africa and points the way toward added value for the next phase of the Energy and Environment Partnership (EEP) in the region.

Ensuring universal access to clean energy is at the core of the 2030 Agenda for Sustainable Development. However, according to a study released this month by the firm Danish Energy Management & Esbensen, more than 180 million people in Southern and East Africa continue to live without access to modern energy, highlighting the gap still to be overcome and the need for renewed commitments to the 2030 goals.

The study was commissioned by the Ministry for Foreign Affairs of Finland (MFA Finland), the Austrian Development Agency (ADA), and the UK Department for International Development (DFID) in association with NDF as part of the preparation for the next phase of the Energy and Environment Partnership (EEP) covering Southern and East Africa.

The study is now available to all partners and stakeholders (links below) and presents a comprehensive picture of the state of play, including gaps and opportunities, for renewable energy financing and energy access across the region as well as an evaluation of the market niche and value proposition of the EEP platform.

EEP has been at the forefront of efforts to support inclusive green growth through direct financing to innovative clean energy projects, technologies and businesses across the region since 2010. The study highlights the many success stories deriving from EEP support and concludes that “EEP’s combination of early stage flexible financing, business development support, knowledge exchange and downstream investor networking continues to offer unique value toward enhancing energy access.”

The next phase of EEP in the Southern and East Africa region is proposed to be launched in early 2018 as a multi-donor trust fund under NDF and looking particularly at enhancing access to clean energy and addressing persistent gaps in access to finance for early stage project development and innovation.

According to Charles Wetherill, NDF Country Program Manager, “the next phase for EEP aims to ensure this proven and effective model for identifying and fast tracking support to high impact clean energy projects remains in place and relevant in the fast changing, clean energy financing landscape across the region.”

The study comprises three components, available at the following links: 1) Main Report; 2) 15 Country Energy Sector Profiles and Stakeholder Mapping; and 3) Energy Sector Donor Mapping for the region.

Additional information related to the release of the study can be found at the website of MFA Finland.

Additional information regarding EEP overall can be found at the EEP Programme website.