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The Board of the Green Climate Fund (GCF) has approved Ksh. 18,448,655,000 ($170.9 million) in financing for the African Development Bank’s (AfDB) Leveraging Energy Access Finance Framework (LEAF) program.
The LEAF program aims to unlock commercial and local-currency financing for Decentralized Renewable Energy (DRE) projects in six program countries. These include Kenya, Ghana, Guinea, Ethiopia, Nigeria and Tunisia. The GCF’s financing is part of an overall Ksh. 97,155,000,000 ($900 million) program budget which aims to scale up mini-grids, solar home systems, and commercial solar solutions in the program countries.
Tony Clamp, acting Director of GCF’s Private Sector Facility commented, “GCF is delighted to partner with the African Development Bank to support this timely and critical program for decentralised renewable energy across these six African countries. Green Climate Fund’s commitment will help unlock much-needed commercial capital and local currency fina
The Green Climate Fund approves $170 9m in co-financing for African Development Bank s Leveraging Energy Access Finance Framework (LEAF) program
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MIL-OSI Africa: The Green Climate Fund approves $170 9m in co-financing for African Development Bank s Leveraging Energy Access Finance Framework (LEAF) program
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The Green Climate Fund approves $170 9m in co-financing for African Development Bank s Leveraging Energy Access Finance Framework (LEAF) program
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The Green Climate Fund approves $170 9m in co-financing for African Development Bank s
– Ghana Visions
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