Tunisia will be supported by the African Development Bank’s (AfDB) Leveraging Energy Access Finance Framework (LEAF) to foster investment in decentralised renewable energy, backed by the Green Climate Fund.
With a $164 million commitment, the Abidjan-based bank will help scale up decentralised renewable energy (solar home systems, green mini-grids, and commercial and industrial solar solutions) to meet the goals of SDG7 and requires significant private sector and local currency financing.
“Many African countries still face challenges in achieving universal access to sustainable, clean, affordable and reliable electricity.
to the latest Sustainable Development Goal (SDG) 7 monitoring report, nearly 600 million Africans do not have access to electricity. Due to the Covid-19 crisis, the number of people without access to electricity has increased for the first time in recent years,” the bank said in a statement.
Ghana, Guinea, Ethiopia, Kenya and Nigeria will also benefit from the programme.
The $800 million LEAF is expected to help stimulate commercial and local currency investments to scale up decentralised renewable energy businesses.
Under LEAF, some 18 decentralised renewable energy projects are expected to be financed, providing access to six million people and businesses, resulting in a reduction of 28.8 million tonnes of CO2-equivalent greenhouse gas emissions over the lifetime of the systems, the AfDB notes.
TunisianMonitorOnline
