AFRICA: AfDB to Train on Accessing Renewable Energy Funds

By - Published on / Modified on

AFRICA: AfDB to Train on Accessing Renewable Energy Funds©bon9/Shutterstock

The African Development Bank (AfDB) is calling for applications from its member countries for training on best practices in developing a business case for accessing Green Climate Fund (GCF) financing. The call is for renewable energy projects only. Interested countries have until July 9th, 2021 to apply.

How to apply for Green Climate Fund (GCF) financing? The African Development Bank (AfDB) is offering its regional member countries a three-week training programme to provide a clear answer to this question. Governments interested in the call for expressions of interest should submit their applications by July 9th, 2021.

The online training will start in July and end in August 2021. Participants will receive information on the specific components of a GCF financing proposal for clean energy projects (solar, wind, hydro, etc.) and its financing logic. “The GCF is a core resource that African countries do not have full access to while the potential of sustainable energy projects to boost electrification, climate change mitigation and adaptation remains under-utilised,” says the AfDB. Learners will also be presented with some practical cases of successful financing proposals. They will then develop concept notes to complement their training.

The training will be conducted in two sessions, with 40 participants each. The training is also open to GCF accredited national and regional entities (AEs), organisations currently in the process of being accredited by the GCF, consulting and engineering firms providing services for the preparation of concept notes and funding proposals under the GCF, Designated National Authorities (DNAs) and project proponents interested in accessing GCF funding, in partnership with DNAs and AEs.

The AfDB has included this training in the framework of the “Strengthening Africa’s Capacity to Access Sustainable Energy Financing” project, funded by the India-Africa Technical Cooperation Fund. On the African continent, more and more countries are relying on renewable energy to reduce their carbon dioxide emissions. This greenhouse gas is also believed to be the cause of climate change.

For more information on the call for applications, click here.

Inès Magoum

More on the same theme

More on the same area

We respect your privacy

When you browse on this site, cookies and other technologies collect data to enhance your experience and personalize the content you see. Visit our Privacy Policy to learn more. By clicking "Accept", you agree to this use of cookies and data.

Newsletter AFRIK 21