EDP sponsors eight clean energy access projects in Africa with €500,000
EDP, ALER's Member, will sponsor eight sustainable and renewable energy projects in five African countries through the A2E (Access to Energy) Fund. Totalling half a million euros, the financing aims to promote access to clean energy in particularly remote and underprivileged areas and to help tackle energy poverty in that region.
For this second edition of the fund, EDP has received 160 applications and selected eight proposals to be implemented in Mozambique, Kenya, Tanzania, Malawi and also Nigeria, which now joins the four countries covered last year. As in the previous edition, the A2E Fund invests in projects covering five priority areas - education, health, agriculture, companies, and local communities - and underscores evaluation criteria such as social impact, partnerships, sustainability, expansion potential, and financial viability.
Ranging from the installation of solar panels to the creation of innovative irrigation systems, all projects are based on sustainable rules and the goal of improving the lives of local communities - it is estimated that the sponsored initiatives will benefit - directly and indirectly - more than one million people in the five countries. With three projects, Kenya stands out in the list of selected organizations: KarGeno, Dadreg, and Centrum Narovinu. It is followed by Malawi, with two organizations: aQysta and Unicef. Mozambique is represented by VIDA, Nigeria by the Don Bosco Salesians, and Tanzania by the Aga Khan Foundation.
Read more about each project here.
Source and Imagem © EDP