hela cheikhrouhou mafalda duarte - african development bank · clean technologies offer real...
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Clean technologies offer real solutions to pressingsocio-economic and environmental problems. TheAfrican Development Bank (AfDB) is backing cleanenergy and technology projects across Africa andleveraging co-financing from international climatefunds to extend its reach.
The Clean Technology Fund (CTF), one of the twoClimate Investment Funds (CIF), provides developingcountries worldwide with positive incentives toscale up the demonstration, deployment, and transferof technologies with a high potential for long-termgreenhouse gas (GHG) emissions savings.
The AfDB has been involved with CTF since itsinception in 2008, and today, the Bank is poised tochannel more than USD 625 million in CTF financingto Africa’s energy, transport, and other sectors thatadvance clean technology solutions in industrial,commercial, and residential settings.
Hela CheikhrouhouDirector
Energy, Environment andClimate Change Department
Mafalda DuarteCIF Coordinator
www.afdb.org
By blending CTF financing with its ownresources, the AfDB is reducing the marketrisks and uncertainty of clean technologyinvestments in Africa.
The Climate Investment Funds (CIF), worth USD6.5 billion, comprise the Clean Technology Fund (CTF)and the Strategic Climate Fund (SCF). The AfricanDevelopment Bank is implementing this pair of financinginstruments designed to channel scaled up climatechange financing to developing countries through multilateral development banks.
Egypt Approved CTF Investment Plan aims topromote renewable energy and urban transport.Particular focus is on wind power with the AfDBimplementing CTF financing for a 200 MW wind farm onthe Gulf of Zeit.
South Africa Approved CTF InvestmentPlan will support several initiatives, including public utilityprojects for a 100 MW wind farm in the Western Cape anda 100 MW CSP plant at Upington. It will also promoterenewable energy and energy efficiency through privatesector investments.
Pledges
*MENA: Middle East and North Africa
CTF total funding: USD 300 millionCTF via AfDB: 50 millionAfDB co-financing: 140 million
MENA* RegionApproved CTF InvestmentPlan aims to accelerate global deployment ofConcentrated Solar Power (CSP) by investing inexpansion programs in Algeria, Egypt, Jordan, Moroccoand Tunisia. The AfDB will be channeling CTF financingfor the 100 MW Kom Ombo complex in Egypt; the 125 MWcomplex in Ouarzazate, Morocco; and other CSP projectsin Tunisia.
CTF total funding: 750 millionCTF via AfDB: <> 250 millionAfDB co-financing: > 400 million
CTF total funding: 500 millionCTF via AfDB: > 150 millionAfDB co-financing: > 200 million
Nigeria Approved CTF Investment Plan aims topromote private and public sector-led renewable energyand energy efficiency projects, as well as mass-transiturban transport investments.
CTF total funding: 250 millionCTF via AfDB: <> 100 millionAfDB co-financing: > 200 million
Morocco Approved CTF Investment Plan isdesigned to support renewable energy projects with anemphasis on wind power.
CTF total funding: 150 millionCTF via AfDB: <> 50 millionAfDB co-financing: > 100 million
CTF worldwide USD 4.5 billionCTF in Africa <> 1.9 billionCTF via AfDB <> 625 million
CTF offers concessional loans and limited grantfunding for technical assistance and projectpreparation.
Equity and subordinated debt are available for privateprojects where the capital base needs strengthening.