Category of Support
Finance » Debt Finance
Donors
Government of Canada (GoC)
International Finance Corporation (IFC)
Users
Private Sector
Description
AREI is an African-led continental platform to accelerate access to clean, affordable and gender-sensitive renewable energy systems. Canada is providing a $150 million repayable contribution (returnable capital model) to IFC to invest in eligible renewable energy projects that support AREI objectives over a 25-year period. Canadian funds are expected to leverage an additional USD 350 million in public and private sector investments, thus “unlocking” private capital that would normally not be available to these projects.
Locations
Angola
Benin
Botswana
Burkina Faso
Cape Verde
Cameroon
Central African Republic
Chad
Comoros
Cote d'Ivoire
Democratic Republic of the Congo
Eritrea
Ethiopia
Gabon
Gambia
Ghana
Guinea
Guinea-Bissau
Kenya
Lesotho
Liberia
Madagascar
Malawi
Mali
Mauritania
Mauritius
Mozambique
Namibia
Niger
Rwanda
Sao Tome and Principe
Senegal
Seychelles
Sierra Leone
Somalia
South Africa
eSwatini
Tanzania
Togo
Uganda
Zambia
Grid Status
Both
Geography
ODA-eligible counties in Sub Saharan Africa.
Eligibility
Eligible investments technologies as per AREI criteria.
Point of Contact
Kruskaia Sierra-Escalante, Manager
IFC Blended Climate Finance
ksierraescalante@ifc.org
IFC Blended Climate Finance
ksierraescalante@ifc.org