POWER AFRICA TOOLBOX FILTER

Domestic financial institutions are usually at the forefront of commercial and developmental lending in their respective countries and some of the challenges faced by them include: (a) limited familiarity and experience with the sector and RE technologies, (b) lack of clarity about the project economics, (c) lack of proper financial and technical tools to appraise and manage loans and (d) limited knowledge on the risks associated with renewable energy projects.

IRENA can provide capacity building for domestic FI’s in member states, with the aim of giving the staff of domestic FI’s the knowledge, skills, tools and support to finance RE projects; and thereby support the creation of a commercially sustainable domestic lending market for RE investments.

The Climate Investment Platform is an inclusive partnership welcoming all stakeholders, from governments and international organizations to the private sector, to scale up climate action and translate ambitious national climate targets into concrete investments on the ground. Working collectively and together with all interested partners, the CIP aims to mobilize investments at the necessary scale to achieve meaningful progress towards climate objectives. The CIP will initially focus on energy transition, with the ultimate goal of accelerating investments in renewable energy and enabling the realization of the ambitious Nationally Determined Contributions (NDCs).

Project proponents are invited to submit a request under the relevant cluster to obtain support from IRENA and other CIP partners for project development and/or access to finance for renewable energy projects.

Contractual counter-guarantee program provides Israeli exporting companies with a partial release of pledge required by Israeli banks and replacing it with an ASHRA counter-guarantee to a bank. The program is targeted to address the operating capital needs of SMEs and assists to release cash to be used in production processes for exports.

Direct equity: DFC can provide direct equity into projects in the developing world which will have developmental impact or advance U.S. foreign policy. An equity investment can be particularly important when operating in credit constrained environments or early stage companies. DFC's ability to make equity investments will allow to play a catalytic role in mobilizing private sector capital on behalf of U.S. interests abroad.

Investment Funds: DFC-supported funds help address the shortfall of private equity capital in developing countries and help these economies access long-term growth capital, management skills, and financial expertise, all of which are key factors in expanding economic development and creating new opportunities for people in low-income and developing nations.

The Energizing Finance series consists of in-depth primary research and analysis by SEforALL and partners that examines supply and demand for finance across two key areas of energy access: electricity and clean cooking.