Progress report for
Achievement at a glance
None. The Fund closure is expected to be finalized in 2021.
Challenges faced in implementation
None. The Fund is expected to be closed in 2021.
Next Steps
The Fund is expected to be closed in 2021.
Beneficiaries
Rural and urban population of Sub-Saharan Africa
Actions
The Fund seeks to provide significant environmental and social benefits for the rural and urban population of Sub-Saharan Africa by investing in decentralized renewable energy projects thereby providing compelling risk-adjusted returns to its investors and contributing to climate change mitigation and creating socio-economic benefits to local populations, by allowing them to replace dirty and inefficient fuel sources. UGEAP aims to provide financing for decentralized energy service companies for off‑grid and mini-grid systems for rural households and communities and renewable energy for industrial players - thus reduce GHG emissions by increasing access to clean electrical energy for mainly rural populations SSA.
Submitted on
30 April, 2021
Progress Status
On track