Sector: Renewable energy
Renewable energy expansion in Africa is critical to provide reliable, clean power to underserved regions, reducing dependency on costly fossil fuels. It also promotes environmental sustainability, mitigating climate change impacts and preserving natural resources for future generations. EAIF has invested over $500 million in renewables and generated over 1000 MW of clean energy.
$23m of debt to build and operate a 35 MW hydro power plant in Gabon. This will increase access to reliable electricity to 97k consumers, and increase productivity for firms to create indirect jobs and avoid 186k tCO 2e per year.
$42m of debt to support the construction and operation of a 46 MW biomass plant in Côte D’Ivoire (LMIC and FCAS). This will improve income generation for 12k outgrowers, while increasing access to reliable electricity to 743k consumers and avoiding 120k tCO 2e per year.
