The Global Energy Alliance for People and Planet (the Alliance) is allocating $50 million to the Universal Energy Facility (UEF). This Sustainable Energy for All (SEforALL) initiative finances access to clean energy in developing countries, primarily in Africa.
The Universal Energy Facility (UEF) is funded with $50 million. The funds are allocated by the Global Energy Alliance for People and the Planet (the Alliance), a global partnership that aims to mobilise $100 billion over 10 years to accelerate the deployment of renewable energy in developing countries, Africa, Latin America and Asia.
The EUF, which is funded by the Alliance, is a dedicated mechanism for financing access to clean energy launched in 2020 by the Sustainable Energy for All (SEforALL). The facility will leverage $50 million in funding to support the energy transition and access to renewable energy in developing countries, particularly in Africa.
“We are delighted to have this major support from the Global Energy Alliance for People and Planet for our work to provide clean, affordable and sufficient energy for all,” said Damilola Ogunbiyi, SEforALL’s Executive Director and Special Representative of the UN Secretary General for Energy for All.
The UEF is already active in sub-Saharan Africa, notably in Madagascar, Sierra Leone and Benin. The facility’s first round of funding aims to support access to renewable energy for 2.3 million people by 2023.
It will focus on solar mini-grids, which have a proven impact on rural electrification in sub-Saharan Africa. In addition to the Alliance, the Universal Energy Facility is supported by Power Africa, Good Energies, UK Aid, the Rockefeller Foundation, the Carbon Trust, the Association of Mini Grid Developers in Africa (AMDA) and the Shell Foundation.
Jean Marie Takouleu