Southern African Renewable Investment and Growth (SOARING) Programme
As of: August 2020
Objective and activities
SOARING aims to launch a sustainable climate finance catalyst program for SMEs in Southern Africa, supporting countries in mobilizing and channelling climate and private finance to achieve their NDCs and SDG goals. The project will assess supply, demand, and framework conditions for several SME-level clean energy alternatives in agricultural value chains, as well as off-grid power provision for rural and peri-urban areas. SOARING will apply results-based financing measures to test blended financing approaches with SMEs, while gathering data and evidence on business performance and local socioeconomic impact. SOARING will develop a model methodology and strategic Pathway for bundling SME-level investments appropriate for catalytic climate financing, and where possible guide a commercial bank through a prototype financing transaction.
State of implementation/results
Project in its inception phase