Southern African Renewable Investment and Growth (SOARING) Programme - Internationale Climate Initiative (IKI)
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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

Project data

Country:
Namibia, Tanzania, Zambia

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

Partner institution(s):
  • South African National Energy Development Institute (SANEDI)
  • Renewables Academy AG (RENAC),South African National Energy Development Institute (SANEDI)

BMU grant:
3.299.199,00 €

Duration:
06/2019  till  10/2022




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