AfDB to train member countries on accessing renewable energy funds

The African Development Bank (AfDB) is calling for applications from its member countries for training on best practices in developing a business case for accessing Green Climate Fund (GCF) financing. The call is for renewable energy projects only. Interested countries have until July 9, 2021 to apply.

How to apply for Green Climate Fund (GCF) financing? The African Development Bank (AfDB) is offering its regional member countries a three-week training programme to provide a clear answer to this question. Governments interested in the call for expressions of interest should submit their applications by July 9, even as the online training will start in July and end in August 2021.

Participants will receive information on the specific components of a GCF financing proposal for clean energy projects (solar, wind, hydro, etc.) and its financing logic. “The GCF is a core resource that African countries do not have full access to while the potential of sustainable energy projects to boost electrification, climate change mitigation and adaptation remains under-utilised,” says the AfDB. Learners will also be presented with some practical cases of successful financing proposals. They will then develop concept notes to complement their training.

The training will be conducted in two sessions, with 40 participants each. The training is also open to GCF accredited national and regional entities (AEs), organisations currently in the process of being accredited by the GCF, consulting and engineering firms providing services for the preparation of concept notes and funding proposals under the GCF, Designated National Authorities (DNAs) and project proponents interested in accessing GCF funding, in partnership with DNAs and AEs.