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Southern African Renewable Investment and Growth (SOARING) Programme

As of: May 2021

To finance their climate action plans, countries in southern Africa also need to draw on funds from the private sector. This applies to agriculture in particular, where SMEs have a significant role to play. The project is developing a financing programme for SMEs who are focussing on the use of alternative sources of energy in agriculture, while also helping partner countries to mobilise both public and private sources of funding. The project achieves this by analysing supply, demand and general conditions applicable to SMEs, as well as options for off-grid supply to rural and suburban areas. While investigating options for mixed financing, the project is also collecting data, tracking business developments and surveying local socioeconomic effects. A methodology and a strategic approach for investment bundling are also being developed, as are corresponding prototypes for commercial banks. Model project results can also be transferred to other sectors of the economy.

State of implementation/results

  • Participation at AREI (Africa Renewable Energy Initiative) Conference.
  • Market assessments in partner countries completed.

Project data

Country:
Namibia, Tanzania, Zambia

Implementing organisation:
Renewable Energy and Energy Efficiency Partnership (REEEP) - Austria

Political partner(s):
  • Ministry of Energy and Minerals - Tanzania
  • Ministry of Finance - Zambia
  • Ministry of Mines and Energy - Namibia

Implementing partner(s):
  • Renewables Academy AG (RENAC)

BMU grant:
3.299.199,00 €

Duration:
06/2019  till  10/2022


Website(s):



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