EEP Africa approves 32 new projects to accelerate access to clean energy
A total of EUR 13.6 million has been committed to clean energy companies in Eastern and Southern Africa through EEP Africa.
Solarworks is an EEP Africa grantee. Photo: Oscar Gutierrez
EEP Africa, a trust fund managed and hosted by NDF, has a new diverse portfolio has a focus on productive use of energy, e-mobility, mini-grids, clean cooking and energy efficiency, to name a few. The EEP Africa Investment Committee has decided to approve funding for projects under the 2023 Call for Proposals. The Committee approved grants and repayable grants for 32 projects in 11 countries.
The call for proposals attracted 411 applications in 13 countries in Southern and Eastern Africa. During the selection process, 80 applicants were interviewed and 41 project proposals were shortlisted.
Each year, the Investment Committee meets to discuss the shortlist from the Call for Proposals. It consists of at least three members, appointed by the donors to the Fund. This year the Investment Committee was chaired by Isabel Leroux, Program Manager at NDF.
“Great to see how EEP Africa is attracting high quality proposals from project developers with innovative business models and approaches to address local challenges,” said NDF Program Manager and Investment Committee Chair, Isabel Leroux. “In line with current trends in green energy, we are particularly excited to have interesting and innovative e-mobility and productive use of energy projects, as well as women-led initiatives in line with EEP Africa’s objectives and principles.”
The other members of this year’s Investment Committee were Marko Saarinen, Counsellor at the Ministry for Foreign Affairs of Finland and Cyprien Hauser, Programme Manager at the Swiss Agency for Development and Cooperation.
Read the full article on EEP Africa's website here.
