The Universal Energy Facility (UEF) will award a $10.4 million grant to six companies operating in Africa. The funding will support electrification through solar mini-grids in the Democratic Republic of Congo (DRC), Madagascar and Sierra Leone.
In the coming months, the Universal Energy Facility (UEF) will support electricity access providers in Africa. Managed by Sustainable Energy for All (SEforALL), the mechanism seeks to sign a series of subsidy agreements with a minimum of six companies operating in the Democratic Republic of Congo (DRC), Madagascar and Sierra Leone.
These countries are among the worst performers when it comes to electrification. For example, in the DRC, around 80% of the population still has no access to electricity, according to the World Bank’s 2021 report. Yet this African country of 95 million people has great and varied energy potential from renewable resources like hydroelectricity, biomass, solar and geothermal energy. In line with this situation, the solar mini-grid offers a solution for the rapid electrification of the population.
The UEF funding is intended to speed up the development of this decentralized solution. “Once again, the UEF is proving to be a rapid and cost-effective solution for accelerating the deployment of clean energy subsidies,” says Edward Borgstein, Chief Executive of the Global Energy Alliance for People and Planet (GEAPP), one of the UEF’s donors.
According to SEforALL, the UEF grant will make it possible to establish an installed capacity of 3.7 MW, enough to provide electricity for 88,000 people in 29 communities.
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