Warning: Declaration of PAFE_Support::register_controls($element, $section_id) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-support.php on line 0

Warning: Declaration of PAFE_Parallax::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-parallax.php on line 0

Warning: Declaration of PAFE_Responsive_Border_Width::register_controls($element, $section_id) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-responsive-border-width.php on line 0

Warning: Declaration of PAFE_Section_Link::register_controls($element, $section_id) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-section-link.php on line 0

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Warning: Declaration of PAFE_Multiple_Background_Images::register_controls($element, $section_id) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-multiple-background-images.php on line 0

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Warning: Declaration of PAFE_Responsive_Column_Order::register_controls($element, $section_id) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-responsive-column-order.php on line 0

Warning: Declaration of PAFE_Responsive_Hide_Column::register_controls($element, $section_id) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-responsive-hide-column.php on line 0

Warning: Declaration of PAFE_Equal_Height::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-equal-height.php on line 0

Warning: Declaration of PAFE_Equal_Height_For_CTA::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-equal-height-for-cta.php on line 0

Warning: Declaration of PAFE_Equal_Height_For_Woocommerce_Products::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-equal-height-for-woocommerce-products.php on line 0

Warning: Declaration of PAFE_Font_Awesome_5::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-font-awesome-5.php on line 0

Warning: Declaration of PAFE_Navigation_Arrows_Icon::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-navigation-arrows-icon.php on line 0

Warning: Declaration of PAFE_Custom_Media_Query_Breakpoints::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-custom-media-query-breakpoints.php on line 0

Warning: Declaration of PAFE_Responsive_Gallery_Column_Width::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-responsive-gallery-column-width.php on line 0

Warning: Declaration of PAFE_Responsive_Gallery_Images_Spacing::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-responsive-gallery-images-spacing.php on line 0

Warning: Declaration of PAFE_Media_Carousel_Ratio::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-media-carousel-ratio.php on line 0

Warning: Declaration of PAFE_Advanced_Form_Styling::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-advanced-form-styling.php on line 0

Warning: Declaration of PAFE_Advanced_Tabs_Styling::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-advanced-tabs-styling.php on line 0

Warning: Declaration of PAFE_Advanced_Dots_Styling::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-advanced-dots-styling.php on line 0

Warning: Declaration of PAFE_Responsive_Section_Column_Text_Align::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-responsive-section-column-text-align.php on line 0

Warning: Declaration of PAFE_Slider_Builder_Animation::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-slider-builder-animation.php on line 0

Warning: Declaration of PAFE_Close_First_Accordion::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-close-first-accordion.php on line 0

Warning: Declaration of PAFE_Column_Aspect_Ratio::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-column-aspect-ratio.php on line 0

Warning: Declaration of PAFE_Advanced_Nav_Menu_Styling::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-advanced-nav-menu-styling.php on line 0

Warning: Declaration of PAFE_Toggle_Content::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-toggle-content.php on line 0

Warning: Declaration of PAFE_Scroll_Box_With_Custom_Scrollbar::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-scroll-box-with-custom-scrollbar.php on line 0

Warning: Declaration of PAFE_Ajax_Live_Search::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-ajax-live-search.php on line 0

Warning: Declaration of PAFE_Crossfade_Multiple_Background_Images::register_controls($element, $section_id) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-crossfade-multiple-background-images.php on line 0

Warning: Declaration of PAFE_Conditional_Logic_Form::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-conditional-logic-form.php on line 0

Warning: Declaration of PAFE_Form_Builder_Conditional_Logic::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-form-builder-conditional-logic.php on line 0

Warning: Declaration of PAFE_Form_Abandonment::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-form-abandonment.php on line 0

Warning: Declaration of PAFE_Form_Builder_Repeater::register_controls($element, $section_id) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-form-builder-repeater.php on line 0

Warning: Declaration of PAFE_Form_Builder_Repeater_Trigger::register_controls($element, $section_id) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-form-builder-repeater-trigger.php on line 0

Warning: Declaration of PAFE_Range_Slider::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-range-slider.php on line 0

Warning: Declaration of PAFE_Calculated_Fields_Form::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-calculated-fields-form.php on line 0

Warning: Declaration of PAFE_Image_Select_Field::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-image-select-field.php on line 0

Warning: Declaration of PAFE_Form_Google_Sheets_Connector::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-form-google-sheets-connector.php on line 0

Warning: Declaration of PAFE_Conditional_Visibility::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-conditional-visibility.php on line 0

Warning: Declaration of PAFE_Text_Color_Change_On_Column_Hover::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-text-color-change-on-column-hover.php on line 0

Warning: Declaration of PAFE_Css_Filters::register_controls($element, $section_id) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-css-filters.php on line 0

Warning: Declaration of PAFE_Convert_Image_To_Black_Or_White::register_controls($element, $args) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-convert-image-to-black-or-white.php on line 0

Warning: Declaration of PAFE_Sticky_Header::register_controls($element, $section_id) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-sticky-header.php on line 0

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Warning: Declaration of PAFE_Woocommerce_Sales_Funnels_Add_To_Cart::register_controls($element, $section_id) should be compatible with Elementor\Controls_Stack::register_controls() in /home/customer/www/renew-africa.com/public_html/wp-content/plugins/piotnet-addons-for-elementor-pro/controls/pafe-woocommerce-sales-funnels-add-to-cart.php on line 0
renewAfrica takes to Luxemburg’s EDFI community and gathers endorsement of major financiers - renewAfrica Initiative

Media

18th July 2019,
Luxemburg

renewAfrica takes to Luxemburg’s EDFI community and gathers endorsement of major financiers

18 July 2019, Luxemburg – Representatives of the European financial sector yesterday gathered for a half-day event in Luxemburg to discuss cooperation on the renewAfrica Initiative. Promoted by RES4Africa Foundation, the initiative was presented to the European Investment Bank (EIB), to the Dutch Development Bank (FMO) and to the association of European Development Finance Institutions (EDFI). The meeting closed with the EIB’s and FMO’s signature of the Declaration of Intent in support of the renewAfrica Initiative going forward.

The renewAfrica Initiative is a new European multi-stakeholder backed initiative to accelerate Africa’s sustainable energy transition. Officially launched on 4th June in Rome, it was endorsed by 20 private and public sector actors1 that signed a non-binding Declaration of Intent to commit their interest and participation to the initiative. Since the 4th June launch, three more organizations2 added their signature to the Declaration.

The interest and endorsements that the renewAfrica Initiative is receiving clearly indicate the need and urgency for a new program to support renewable energy investments in Africa” stated Antonio Cammisecra, President RES4Africa Foundation and Sole Administrator Enel Green Power, “We’re glad to present it to and gain support from European DFIs and the European Investment Bank, as the initiative can only go forward if backed by a strong and multi-sectorial partnership”.

The renewAfrica initiative aims to stimulate the creation of a one-stop-shop EU Support Program, with its own institutional framework, to effectively strengthen RE investments in Africa and enhance European private investment in support of the effective deployment of RE market development in Africa. The initiative will seek the inception of a new European facilitating instrument that provides adequate support at policy and regulatory level, ensures preparation tools across project lifecycles, as well as financial de-risking and capacity building measures.

Accelerating Africa’s renewable energy transition requires the buy-in of multiple players, each contributing to their expertise and abilities. Strong collaboration with Development Finance Institutions (DFIs) is crucial to turn renewAfrica into reality, learn from their financing experience, and embed the program into the European RE community. Yesterday’s signature from EIB and FMO adds itself to the one of Cassa Depositi e Prestiti, indicating the growing interest that renewAfrica is generating among European DFIs, that are mobilizing to support the initiative.

Apart from possibly providing financing and advisory services to concrete projects under the initiative, initially the EIB will seek a key role among the involved international financial institutions. renewAfrica is expected to increase the number of bankable public-private-partnership projects in the African renewable energy sector, to be competitively tendered, which the EIB and other IFIs could potentially support.

There is undoubtedly a need to improve the way in which European financiers can support renewable energy projects on the African continent” EIB Vice-President Andrew McDowell commented, “As the world’s largest multilateral provider of climate finance in terms of lending volume, the EIB is very pleased to play an active role in renewAfrica. Bundling the strengths and experience of major European players can not only assist public institution in creating a favourable investment climate, but also lead to advisory and financial support for projects, so that they can tap the vast resources this continent offers for renewables”.

1 The first 20 signatories of the Declaration of Intent were: ABB, Cassa Depositi e Prestiti, DNV GL, EDP Renewables, Enel Green Power, Ge Renewable Energy, Intesa Sanpaolo, Nordex, Nordic Energy Research, Norfund, Pöyry, Prysmian, PwC, REC Group, Siemens Gamesa, SMA, Solar Power Europe, Soltec, Total Eren, Vestas.

2 GWEC, Pöyry, SDA Bocconi School of Management

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