The Initiative was presented in the framework of RES4Africa’s ATC
renewAfrica, the initiative backed by 27 stakeholders of the European clean-energy sector and led by RES4Africa Foundation, was presented today during the 2020 edition of the Advanced Training Course. The course provides more than 200 high-achieving professionals serving in public institutions, companies, universities and research centres with technical, economic and regulatory knowledge: in this context, the presentation of an innovative and revolutionary programme such as renewAfrica proved to add great value.
Appreciated by the Vice President of the European Commission Frans Timmermans, renewAfrica was also presented last week to an African and international audience in the framework of Photovoltafrica, and will be presented again later today at Renpower Maghreb. The ATC has been a further occasion to show and explain the initiative to high-level professionals from the renewable energy sector of the continent. The panel saw the participation of important stakeholders of the clean-energy value chain and key signatories of the initiative: the European Investment Bank, Cassa Depositi e Presititi, PricewaterhouseCoopers (PwC), Intesa Sanpaolo and Enel Green Power.
Launched in June 2019 in Rome, renewAfrica aims at being a potential answer to the difficulties that European private-sector investors face in investing in clean energy projects in Africa, preventing the continent and especially the sub-Saharan area from gathering the capital it needs for its energy development. Positively welcomed by both African and European organisations, the initiative’s goal is the creation of a comprehensive programme able to offer support to international investors along the entire project lifecycle. The envisioned programme should be created and led by the EU, and once a full European management will be achieved, renewAfrica will have accomplished its mission and will dissolve.
“RES4Africa works in Africa, with Africa and for Africa” commented Roberto Vigotti, Secretary General of the Foundation “and renewAfrica perfectly embodies this purpose and spirit of strong and mutual cooperation. The ATC represents an excellent stage to involve more professionals and stakeholders from the African continent in this important initiative both for Africa and Europe energy sector”.