18 May 2017 Brussels.The Paris agreement resulted in a new wave of climate commitments by countries and regions worldwide. The regions of Flanders and Catalonia co-organized a seminar and matchmaking event for te private sector, educational and research organizations and civil society organizations as important partners in reaching the climate objectives.
- The EU and the Paris agreement What could Europe do to comply with the Paris agreement? Key note speech by Mr. Jos Delbeke, Director General for Climate Action, DG Climate Action,
- DEVCO cooperation – Climate action in development What could the EU do outside the European Union? Karine GENTY, Deputy Head of Unit for Sustainable Energy and Climate Change. DG Devco
The blending facilities ElectriFI-FMO
Investment facility to increase access to renewable energy (mainly decentralised) with the private sector sharing high-risk in projects business plan with loans.
Ticket size: min. EUR 500k – max. EUR 10mln (Small- to medium-scale)
Product range: Equity, Quasi-equity, Debt and Development Finance
2016 1st Call > 290 applications received
19 applications pre-selected (1 rejected, 5 cancelled, 4 preparing for Clearance in Principle, 2 approved – Haiti, India)
2017 2nd Call > 155 applications received
evaluation is ongoing (65 project host countries, business models – IPP (state or municipal off-taker), Utility (Mini-/Micro-/Nano-Grids), SHS, Captive Power – Private off-taker, Mobile power unit, telco tower)
- EIB – financing climate action outside EU What actions are taken by the EIB? Mrs. Monica Peña Sastre, Policy Adviser Institutional Relations; Mr. Bert Teuwen, Senior Banker, EIB Brussels Office
- EBRD – Green economy transition How important is Climate Change agenda for the EBRD? Mr Gianpiero Nacci, Associate Director, Head Sustainable Resources Investment and Ms Bénédicte Kariger Associate Director, in the Manufacturing and Services sector
- 3E – Accelerating the energy transition
- Vicky Noens – Role of Private Sector
- Meteosim ACCIÓ
Project example: Lake Turkana Wind Project – Kenya
- The site, covering 40,000 acres, is located in in northern Kenya.
- The wind farm will have an installed capacity of 310MW and includes 365 turbines, a 33 kV electricity grid system, and a 33/200 kV substation and related utility services including civil works, housing and buildings.
- The project is on course with full capacity expected to be achieved in June 2017.
- With EUR 625 million project costs this makes it the single largest wind power project to be constructed in Africa and is, to date, the largest private investment in the history of Kenya.
- EIB loan of EUR 200 million and EUR 25 million contribution from EU-ITF (EU-Infrastructure Trust Fund) under Sustainable Energy for All Window (SE4All). This is an example of blending: EIB lending combined with EU funding
This post was originally published at PAEPARD and has been republished with permission.