Green Grids: SEFA gives $1 million to African countries
The Sustainable Energy Fund for Africa (SEFA) has extended a $1 million-dollar grant to African countries for the transition to flexible green grids and other clean power solutions.
This is contained in a statement by the African Development Bank (AfDB) on Wednesday.
The fund is ahead of the 2021 United Nations Climate Change Conference in Glasgow, UK, from November 1 to 12.
SEFA, managed by the AfDB, provides catalytic finance for renewable energy aimed at contributing to universal access to affordable, reliable, sustainable, and modern energy services in Africa.
The technical assistance grant, sourced through a SEFA Rapid Response Facility (SEFA RRF), will enable up to five African countries participating in a COP26 Energy Transition Council to assess potential gaps in policy, regulatory and institutional frameworks.
The facility will also develop approaches to increase the contribution of grid-connected renewable energy generation and identify financing mechanisms.
Kevin Kariuki, Vice President for Power, Energy, Climate and Green Growth, AfDB, said, “The SEFA RRF will buttress the groundwork for accelerating the deployment of renewable energy in selected African countries.”
Also, Daniel Schroth, acting Director, Renewable Energy, and Energy Efficiency Department, AfDB, noted that the SEFA RRF served to prepare the ground for subsequent investments in renewable energy projects by the bank and SEFA, under its “Green Baseload component.”
According to the statement, SEFA RRF is designed to be flexible and responsive to the energy-transition requirements of participating governments.
UK established the COP26 Energy Transition Council in September 2020 to drive the shift to clean energy ahead of COP26.
Members include multilateral development banks, international financial institutions, technical cooperation organisations, and donor governments.
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