Proposal
Build a comprehensive EU Programme
to support investment in Africa's renewable energy
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
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
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
PHASE:
Preparation
MILESTONE:
Legal, technical and economic analysis
- Dialogue with all relevant stakeholders
- Feasibility assessment and tax analysis on site selection
- Capacity building and knowledge transfer
PHASE:
Bid documents
MILESTONE:
Tender informations & documents
- Preparation of standardised
documents (bid documents,
environmental evaluation procedures, PPAs, etc.) - Specific training for public sector
entities
PHASE:
Tender process
MILESTONE:
Bidder consultation and RFP
- Support on structuring the technical prequalification (RfQ)
- Support negotiations with all
stakeholders
PHASE:
Award
MILESTONE:
Proposal review signing
- Screening and evaluation of technical proposals
- Revision and adoption of PPA
agreements and other documents
PHASE:
Final agreements
MILESTONE:
Loan, insurance, PPA, guarantees
- Negotiation and finalisation of
contracts - Financial guarantees and insurance package to cover all risks
PHASE:
Construction and O&M
MILESTONE:
Construction, commissioning, O&M
- Monitoring activities in the
construction and operation phase - Development of a skilled local
workforce
renewAfrica has gained momentum
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
Presentation to UNECA and AUC
to the start EU-Africa dialogue
Presentation of the EIB and other EDFIs
First meeting of the Steering
Committee
Presentation to DG DEVCO and DG Energy
Roadmap in order to run at full speed in 2021
Sept-Dec 2019
Structure the initiative and
propose guidelines for the
Programme
2020
Brussels - Second meeting
of renewAfrica signatories
2020
Presentation of the renewAfrica initiative and proposed Programme to the European Commission
2020
Programme detail set up,
dedicated resources identified and allocated
2021
Harmonization of EU efforts to support energy transition in Africa.
