Proposal

Build a comprehensive EU Programme
to support investment in Africa's renewable energy

Proposal - Platform

Combine the best features of the existing instruments to form a stronger,
more complete platform aiming to
enhance the development of large-scale
RE projects in Africa

Proposal - Investors

Create a one-stop-shop programme
offering support to investors along all
project phases in the form of financing
as well as expert advisory services

Proposal - Guarantees

Provide the right mix of guarantees and
insurances able to mitigate investment
risks, to attract private capital and ensure
that projects are bankable

The most uncovered areas

Proposal - Preparation

PHASE:

Preparation

Proposal - renewAfrica Initiative

MILESTONE:
Legal, technical and economic analysis

TYPE OF SUPPORT:
  • Dialogue with all relevant stakeholders
  • Feasibility assessment and tax analysis on site selection
  • Capacity building and knowledge transfer
Proposal - Bid Documents

PHASE:

Bid documents

Proposal - renewAfrica Initiative

MILESTONE:
Tender informations & documents

TYPE OF SUPPORT:
  • Preparation of standardised
    documents (bid documents,
    environmental evaluation procedures,   PPAs, etc.)
  • Specific training for public sector
    entities
Proposal - Tender process

PHASE:

Tender process

Proposal - renewAfrica Initiative

MILESTONE:
Bidder consultation and RFP

TYPE OF SUPPORT:
  • Support on structuring the technical   prequalification (RfQ)
  • Support negotiations with all
    stakeholders
Proposal - Award

PHASE:

Award

Proposal - renewAfrica Initiative

MILESTONE:
Proposal review signing

TYPE OF SUPPORT:
  • Screening and evaluation of technical proposals
  • Revision and adoption of PPA
    agreements and other documents
Proposal - Final agreements

PHASE:

Final agreements

Proposal - renewAfrica Initiative

MILESTONE:
Loan, insurance, PPA, guarantees

TYPE OF SUPPORT:
  • Negotiation and finalisation of
    contracts
  • Financial guarantees and insurance   package to cover all risks
Proposal - Construction

PHASE:

Construction and O&M

Proposal - renewAfrica Initiative

MILESTONE:
Construction, commissioning, O&M

TYPE OF SUPPORT:
  • Monitoring activities in the
    construction and operation phase
  • Development of a skilled local
    workforce

renewAfrica has gained momentum

Proposal - 4th june Rome
4th June 2019
Rome

Launch of renewAfrica and signature
of the Declaration of Intent 
by 22 stakeholders

Since the June 4th the Declaration of Intent
is open for signature

Proposal - 19th June Addis Abeba
19th June 2019
Addis Abeba

Presentation to UNECA and AUC
to the start EU-Africa dialogue

Proposal - 17th July Luxembourg
17th July 2019
Luxembourg

Presentation of the EIB and other EDFIs

Proposal - 9th September Rome
9th September 2019
Rome

First meeting of the Steering
Committee

Proposal - Preparation
10th January 2020

Release of institutional Presentation Card

Proposal - 19th September Brussels
28th January 2020
Brussels

Presentation at European level (DG CLIMA, DG DEVCO, DG ENER & EIB)

Proposal - 4th june Rome
25th February 2020
Rome

Kick-off of the four Task Forces

Proposal - renewAfrica Initiative
19th May 2020

Release of institutional video

Proposal - Preparation
14th September 2020

Release of “10 Guiding Principles”

Roadmap in order to run at full speed in 2021

Short Term
Sept-Dec 2019
Structure the initiative and
propose guidelines for the
Programme
January
2020
Brussels - Second meeting
of renewAfrica signatories
February
2020
Presentation of the renewAfrica initiative and proposed Programme to the European Commission
Mid Term
2020
Programme detail set up,
dedicated resources
identified and allocated
Long Term
2021
Harmonization of EU efforts to support energy transition in Africa.