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Promoting Renewable Energy Finance in Africa: IRENA’s Project Facilitation Platform and Project Navigator

  • Date: 14 July 2015, 3:30pm - 6:00pm
  • Location: Radisson Warka 1+2

Organised by

  • International Renewable Energy Agency, IRENA
  • UNECA

Summary

A financing need and opportunity of USD 50 billion per annum for energy investments for sustainable development exists in Africa. This is five-fold compared to the current investment levels, calling for remarkable scale-up. To enhance bankability and financing of renewable energy projects IRENA launches two portals during 2015. Project Navigator, launched in April, provides tools, templates and guidelines to support the development of bankable renewable energy projects. It provides a step-by-step process to ensure strong project development with the necessary knowledge to simplify planning and decision-making. The Project Navigator has already more than 1000 users in more than 150 countries. IRENA’s virtual market place for renewable energy projects will bring together renewable energy projects, financiers, and service and technology providers in the Africa Clean Energy Corridor (ACEC) countries. It aims at supporting the initiation, development and financing of renewable energy projects by providing a transparent market place, supporting projects through the development stage, and providing information on regulations, markets and renewable energy resources in the ACEC countries. In the event IRENA presents these portals and welcomes feedback for further development.

Related Information

  • IRENA Project Navigator

Contact

For inquiries regarding this side event, please contact

  • Aleksi Lumijarvi, alumijarvi@irena.org

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United Nations Department of Economic and Social Affairs

Financing for Development Office

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