The Sustainable Energy Fund for Africa (SEFA) has secured $64 million in new funding from the Norwegian Agency for Development Cooperation (NORAD) and the Global Energy Alliance for People and Planet (GEAPP). SEFA, a multi-donor special fund managed by the African Development Bank, provides concessional finance to unlock private sector investments in renewable energy and energy efficiency. “We are leapfrogging polluting energy sources and supporting decarbonisation across the energy sector. SEFA catalyses private sector investment in AfricaDr Daniel Schroth, AfDB director for renewable energy and energy efficiency, acknowledged the importance of the grant funding. The panel discussion, titled Renewable energy for climate action, socio-economic transformation in Africa: the role of SEFA, featured Minister Tvinnereim and Ed Borgstein, GEAPP’s director of country programmes.

Source: The North Africa Journal November 24, 2022 10:04 UTC