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African Development Bank approves $7 million in SEFA technical assistance to transform mini-grid investment in Africa

(AfDB) - The Board of Directors of the African Development Bank has approved a $7 million grant from the Sustainable Energy Fund for Africa (SEFA), for a new technical assistance initiative meeting the needs of the continent’s fast-evolving renewable mini-grid industry. The Africa Mini-Grid Market Acceleration Programme (AMAP), which aims to expand private mini-grid investment on the African continent, will include three core components: the implementation of a new and standardised framework for national-scale Mini-Grid Acceleration Programmes (MAPs) in four countries; the design and enhancement of financial de-risking solutions; and support for knowledge, innovation, and skills development activities, including the continuation of the Bank’s Green Mini-Grid Help Desk website.

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AfDB to expand solar energy generation to G5 Sahel countries

Abidjan, Dec. 20, 2020 (PANA/Naija247news) The Board of Directors of the African Development Bank (AfDB) has approved a Desert-to-Power (D2P) technical support programme that will advance the rollout of solar generation in G5 Sahel countries, where 60 million people lack access to electricity. The technical assistance, in the form of a US$5 million grant from the Sustainable Energy Fund for Africa (SEFA), has three main components: technical studies for the integration of variable renewable energy (primarily solar) in national grids; feasibility studies for solar hybridization of existing isolated grids; and capacity building to support Chad to integrate the first solar power project (Djermaya Solar PV IPP) in its national grid, a statement by AfDB said.

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AfDB approves US$7m to transform mini-grid investment in Africa

Abidjan, Dec. 20, 2020 The Board of Directors of the African Development Bank (AfDB) has approved a US$7 million grant from the Sustainable Energy Fund for Africa (SEFA), for technical assistance in setting up a mini-grid acceleration initiative to meet the needs of the continent’s fast-evolving renewable mini-grid industry. The Africa Mini-Grid Market Acceleration Programme (AMAP), which aims to boost energy access in remote regions and enhance climate resilience throughout Africa, will include three core components, a statement by AfDB said. These are the implementation of a new and standardised framework for national-scale Mini-Grid Acceleration Programmes (MAPs) in four countries; the design and enhancement of financial de-risking solutions; and support for knowledge, innovation, and skills development activities, including the continuation of the Bank’s Green Mini-Grid Help Desk website.

Coted ivoireAaron leopoldKevin kariukiGrid programmeGrid market development programmeGrid market acceleration programmeSustainable energy fund for africaNigeria national electrificationBank green miniBank viceBank new deal on energy for africaGlobal sustainable development goals sdgsAfrican development bankAfrica minigrid developers associationSustainable energy fundAfrica mini grid market acceleration programme

Sustainable Energy Fund for Africa and Clean Technology Fund provide $25 million in funding for medium scale independent power producers

Sustainable Energy Fund for Africa and Clean Technology Fund provide $25 million in funding for medium scale independent power producers
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African Development Bank approves $7 million in Sustainable Energy Fund for Africa (SEFA) technical assistance to transform mini-grid investment in Africa

African Development Bank approves $7 million in Sustainable Energy Fund for Africa (SEFA) technical assistance to transform mini-grid investment in Africa
einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.

Aaron leopoldKevin kariukiGrid programmeGrid market development programmeGrid market acceleration programmeSustainable energy fund for africaGlobal sustainable development goals sdgsAfrican development bankNigeria national electrificationAfrican development fundBank green miniBank viceBank new deal on energy for africaAfrican development bank group afAfrica minigrid developers associationRelations department african development bank