AfDB Commits $164m To Promote Renewable Energy In Nigeria, Others

The Board of Directors of the African Development Bank Group (AfDB) has approved the Leveraging Energy Access Finance Framework (LEAF) programme, under which the bank will commit up to $164 million to promote decentralised renewable energy in Nigeria, Ghana, Guinea, Ethiopia, Kenya and Tunisia.
 
In a press release, AfDB said that under the $800 million LEAF programme, some 18 decentralised renewable energy projects are expected to be financed, providing access to six million people and businesses, resulting in 28.8 million tonnes CO2 eq. in greenhouse gas emission reductions over the lifetime of the systems.
 
The statement said that AfDB developed LEAF programme, in collaboration with the Green Climate Fund, which approved $170.9 million in concessional financing for it in July 2021, adding that the framework forms part of the bank’s broader off-grid strategy under the New Deal on Energy for Africa and complements existing initiatives, such as the Sustainable Energy Fund for Africa…
 
More details through:
https://www.newtelegraphng.com/afdb-commits-164m-to-promote-renewable-energy-in-nigeria-others/