EDP renews fund to support clean energy projects in developing countries
EDP, ALER’s Member is preparing to sponsor new clean energy access projects in five African countries, including Angola and Mozambique, through the A2E Fund. The third edition of this financing program has €500,000 and two new target locations.
The focus on projects promoting access to renewable energy in developing countries is one of the commitments that prompted EDP to roll out yet another edition of the A2E (Access to Energy) Fund. With a budget of half a million euros, this financing program was created to sponsor clean energy projects in Mozambique, Nigeria, Malawi, and, for the first time, Angola and Rwanda.
In this third edition - aimed at both for-profit and non-profit organizations - the fund will give each project €25,000 to €100,000. Applications open this Thursday, November 26, and run until January 10. The results will be announced in April 2021. Applicants will then have one year to implement their projects.
As in previous editions, the program's five priority areas are education, health, agriculture, business, and community. Evaluation criteria include social impact, partnerships, sustainability, scalability, and financial viability.
Read the full press release here.
The regulations are available here.
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