Monday
November 14
2022

ECREEE, GGGI Announce $75 Million For Renewable Energy Facility For with Africa

Innocent Odoh

The ECOWAS Centre for Renewable Energy and Energy Efficiency (ECREEE) and the Global Green Growth Institute (GGGI) are proposing to establish a new blended finance facility of USD 75 million called the ECOWAS Renewable Energy Facility (EREF) 2030 to grow businesses in West Africa.

The partners in a statement said the fund will support small and medium sized renewable energy and energy efficiency (RE&EE) projects and businesses in rural and peri-urban areas of the ECOWAS member countries to mitigate the region’s challenges of access to renewable energy.

Photo courtesy of andreas160578.

Source: Leadership News (link opens in a new window)

Categories
Energy
Tags
clean energy, energy access, renewable energy, sustainability