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Green Climate Fund

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Relief in sight for energy access companies in Africa and Asia

The Energy Access Relief Fund, a first of its kind fund, has been launched to target energy access companies working in sub-Saharan Africa and Asia.
renewable energy

DBSA calls for embedded generation project proposals

The Development Bank of Southern Africa has announced plans to support the construction of wind and solar plants ranging in size from 10MW to 75MW.
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GCF approves $170.9m for AfDB’s programme to benefit African countries

Dr Kevin Kariuki of the AfDB states that the GCF's approval of LEAF is a significant boost for the bank's ambitions on the continent using decentralised renewable energy solutions, and moreover facilitated through local financing.
Climate change

Learn how to access financing from the Green Climate Fund

The African Development Bank is setting up a training programme on how to access funding from the Green Climate Fund (GCF) to develop sustainable energy projects. Deadline for applications: 9 July.
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Egypt’s largest solar plant, Kom Ombo, receives $114 million

The development of the Kom Ombo solar plant will add 200MW of energy capacity, increasing the share of renewable energy in Egypt’s energy mix and further promoting private-sector participation in the Egyptian power sector.
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US election signals shift in country’s climate change stance

The Biden-Harris victory at the US Elections signals a new era of federal climate policy in the US because president-elect Joe Biden campaigned on clean energy and climate resilience as core to his plans for the country.

Pioneering green bond fund to focus on emerging markets

IFC and HSBC Global Asset Management announced the establishment of the first global green bond fund targeting “real economy” issuers in emerging markets.
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$110m approved to advance climate change projects

The board of the Green Climate Fund has approved funding for three proposals from the African Development Bank totaling over $110 million.

DBSA secure funds to establish Climate Finance Facility

The Green Climate Fund has awarded funding worth $55.6m to DBSA  for the establishment of a R2 billion Climate Finance Facility.

Zambia obtains $50m to advance its renewable energy programme

Facing a serious electricity supply deficit due to recent droughts, Zambia’s government launched the Renewable Energy Feed-in-Tariff (REFiT) policy in 2017 to crowd in private investments for small-scale (up to 20MW) renewable projects. To this...