Renewable energies and energy efficiency
Our five priority areas
European Partnership for Climate
But our goal is to go even further, supporting innovation and creativity so that technical and financial solutions can be brought to the fore. For instance new mobile phone technology now makes it possible to deploy off-grid power systems across the African continent. Then there is our collaboration with our peers and traditional and new investors, which will enable us to develop new products for the sector, including green bonds, repayable grants and credit enhancement.
We firmly believe that the private sector will be a key player in the transition to more eco-friendly economies that benefit the greatest number of people. As a financial development institution, our goal is to enable the private sector to play its part as fully as possible.
In the energy sector our finances have two main goals:
- supporting renewable energy projects (solar energy, wind energy, hydraulic, biomass) on all continents, to respond to the growing energy needs in developing countries, whilst promoting means of production less polluting than fossil fuels;
- secure the energy supply on the African continent by valuing the local, conventional, and renewable natural resources (gaz, hydraulic, ...), which offer a quick solution to the deficit of installed capacity.