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Power Africa Launches New Partnerships and Tools at Paris Climate Change Conference | Energy Access Practitioner Network

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Power Africa Launches New Partnerships and Tools at Paris Climate Change Conference

Power Africa announced several new partnerships at COP21, including:

  • A new partnership with the  Government of Norway, which aligns the collective investments of the United States and Norwegian governments in renewable energy; expands off-grid and mini-grid efforts; leverages Norway’s expertise in hydropower; supports regional power pools to increase renewable energy generation; and supports gender-inclusive growth in the power sector. Through a memorandum of understanding, the Government of Norway, through Norfund, is committing to bringing 1,500 MW online over a five-year period, contributing to Power Africa’s overall 30,000 MW electricity generation goal.
  • A new partnership with the  International Renewable Energy Agency (IRENA), which will focus on expanding information-sharing to further renewable energy growth in sub-Saharan Africa. Specifically, this cooperation will explore sharing publicly-available information on project opportunities and pipelines through IRENA’s Sustainable Energy Marketplace and Power Africa’s transaction tracking database. The objective of the Sustainable Energy Marketplace is to accelerate the scale-up of investments to promote the initiation, development and financing of low-carbon renewable energy projects by bringing together project owners, governments, financiers, and service and technology providers. This marketplace will make investment opportunities visible and easily identifiable for investors and help project developers to identify relevant funding sources and expertise.
  • A partnership with the  UK’s Department for International Development(DFID) to expand and leverage investments in cleaner energy; support power pools and other interventions to increase cleaner energy power generation and access to power through regional integration. This agreement includes Power Africa’s collaboration on the DFID-led Energy Access campaign, which will specifically focus on how to rapidly accelerate growth in the African household solar industry. This partnership will also support efforts to advance the full participation of women in the energy sector; support the regional development of the geothermal sector; and strengthen donor coordination in the sector by maximizing impact of interventions.
  • Launch of the Efficiency for Access (E4A) Coalition Together with Global LEAP & SE4ALL: The Global Lighting and Energy Access Partnership (Global LEAP), whose partners include Power Africa, the World Bank Group, and the United Nations Foundation (Energy  Access Practitioner Network), among others, in collaboration with Sustainable Energy for All (SE4All) announced the E4A Coalition at COP21. The new effort aims to mobilize global support for the development and deployment of super-efficient, high-quality energy products and services in order to unlock the massive potential of energy efficiency as an energy access resource. E4A released its 2016 Framework for Action, which outlines E4A’s vision and steps for the coming year of action to mobilize and coordinate commitments from public and private sector partners leading up to COP22 in 2016.
  • Release of the French-language version of the Power Purchase Agreement Handbook: One year ago, Power Africa, through the U.S. Department of Commerce’s Commercial Law and Development Program, brought together a group of international experts to draft and publish a Power Purchase Agreement (PPA) handbook that provides an overview of PPAs and the obligations, risks and remedies that are found within them. A French-language version of this handbook has been released to reach Francophone countries in sub-Saharan Africa.
  • European Union’s ElectriFI Initiative: Power Africa announced a new commitment of up to $10 million in support for the European Union‘s Electrification Financing Initiative (ElectriFI). This joint venture, which includes many Power Africa partners, aims to encourage private investors to fund rural power projects across Africa.
  • Support for Private Sector Investment in Renewable Energy in Zambia: As part of their commitment to Power AfricaUSAID and the Swedish International Development Cooperation Agency (Sida) are partnering with a local financial institution to support the renewable energy and agriculture sectors in Zambia. USAID and Sida are jointly contributing $8 million in private sector lending for renewable energy production and agricultural sector investment across the country. This financing will better position farmers and landowners to invest in renewable energy technologies, such as biodigesters that can power a milk chiller, or in solar-powered devices that improve irrigation, increasing the number of harvests and their yields.