Energy Fund extends $1m grant to African countries for transition to green grids

The Sustainable Energy Fund for Africa (SEFA) has extended a one-million-dollar grant to African countries for transition to flexible green grids and other clean power solutions.

The African Development Bank (AfDB) said the fund is ahead of the 2021 United Nations Climate Change Conference to be held in Glasgow, United Kingdom from Nov. 1 to Nov. 12.

SEFA, managed by the AfDB, provides catalytic finance for renewable energy aimed at contributing to universal access to affordable, reliable, sustainable, and modern energy services in Africa.

The technical assistance grant, sourced through a SEFA Rapid Response Facility (SEFA RRF) would enable up to five African countries participating in a COP26 Energy Transition Council to assess potential gaps in policy, regulatory and institutional frameworks..TO CONTINUE READING CLICK ON

Leave a Reply