Sustainable energy in Africa
Date: Wednesday, 18 April, 2018
Venue: Sida, Valhallavägen 199, Stockholm
Is sustainable energy in Africa a market for you? Sida and Business Sweden invites to a seminar to inform the private sector about new opportunities.
Around 600 million people still lack access to electricity in Africa. At the same time Africa has the potential and the ability to utilize renewable resources to fuel the majority of its future growth with renewable energy. There is also a huge scope for improving energy efficiency.
New ideas and creative business people are needed to develop sustainable solutions in new areas, such as the agricultural value chain and the rapidly developing urbanization. Such solutions are economically competitive compared to other solutions whilst also unlocking economies of scale and offering substantial benefits in terms of equitable development, local value creation, energy security, and environmental sustainability.
This is a huge untapped market. The African market is however challenging, with hurdles such as access to finance, quality and warranty issues, logistics and regulatory barriers. In order to meet these challenges, Sida has developed different mechanisms to reduce the risk and enable more companies to enter these new markets.
Welcome to attend the seminar in Stockholm on 18 April, 2018 and find out more about these new opportunities.
13.00 Introduction, Sida
Hans Magnusson, Head of Africa Department
Renewable Energy African Challenge Fund
Africa Enterprise Challenge Fund (AECF) has a window dedicated to renewable energy: Renewable Energy and Adaptation to Climate Technologies (REACT). Starting 2018, new countries in focus will be Liberia, Burkina Faso, Mali, Ethiopia, Mozambique, Zimbabwe and Kenya.
REACT catalyses private sector to increase investment into the sector. AECF provides between US$ 100 000 and US$ 1.5 million in funding to businesses allocated in all the selected countries. The winning proposals are selected on the basis of their commercial viability, innovation and potential development impact on the rural poor.
To ensure the Fund does not crowd out other sources and that the risk is shared, investors are requested co-finance a minimum of 50 percent of the total cost.
15.00 Energy Efficient Lighting and Appliances in Africa
Karin Reiss, UNIDO Department for Energy
SADC Centre for Renewable Energy and Energy Efficiency (SACREEE) and East African Centre for Renewable Energy and Energy Efficiency (EACREEE), are supported to develop policy regulations, standards and testing laboratories for high quality, energy efficient lighting and appliances in the SADC and EAC regions (21 countries). UNIDO is the main partner managing these activities for the coming years. Experts will be required throughout the process. Moreover, funds will be made available to develop appropriate and broadly applicable energy service concepts, such as e.g. shared cost financing of public lighting and concepts for enabling the poorest to invest in equipment with low life cycle costs. This regional UNIDO managed project will also provide backstopping to numerous national energy efficiency initiatives, targeting the reach out of quality energy services and the establishment of energy service companies.
15.45 The Swedish Energy for Africa Initiative – Strengthening Swedish sustainable energy solutions
Ludvig Hermansson, Trade Commissioner, Business Sweden, Eastern Africa
Olive Muthoni, Senior Energy Advisor, Business Sweden, Nairobi
Private firms' session
To be decided.
16.30 – 17.00 Open area meetings with REACT, UNIDO and Business Sweden for more detailed questions.
Due to limited space, please try to represent your organisations with one person only.
For questions related to the seminar, please contact
Cecilia Leideman Bäck, Business Sweden
+46 (0)70 883 74 11
Monica Gullberg, Energy Policy Expert, Power Africa
+46 (0)72 143 55 16