FP027
Universal Green Energy Access Programme (UGEAP)
Universal Green Energy Access Programme (UGEAP)
Contributing to universal access to electricity in Sub-Saharan Africa by scaling up investments in renewable energy from local financial markets and the international private sector.
This programme is an investment fund that will reduce GHG emissions by increasing access to clean electrical energy for mainly rural populations in Sub-Saharan Africa. It 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.
Fossil fuel based energy production will be replaced with renewable, clean energy solutions that can meet increasing energy demand. Investments will target three types of projects. Off-grid renewable electricity energy in the form of solar home systems will be provided via an affordable payment plan. Green mini-grid projects will also be supported via companies that install, operate and maintain photovoltaic based mini-grids to sell energy services in rural communities. Finally, industrial renewable electrical energy and selected on-grid installations will be targeted, by investing in companies that provide modular, transportable, and often rented photovoltaic farms, offering SMEs and communities competitively-priced solar power. Around 50 investments will be made, totalling a volume of USD 500M over the course of five years, and via two phases.
At a later stage, the programme will work with local financial institutions to enable banks to provide long-term loans to businesses that provide clean electricity solutions. A public-private partnership instrument will leverage at least two-fold the impact of public capital through private investment.
The project has an estimated lifespan of 15 years.
Project timeline
Pipeline
16 Aug 2015 - 426 days
Funding proposal received
16 Aug 2015
Cleared by iTAP
30 Sep 2016
Approved
14 Oct 2016 - 2,022 days
Approved by GCF Board
14 Oct 2016
Legal opinion on AE's Internal Approval
12 Mar 2021
FAA executed
04 Nov 2021
Under implementation
27 Apr 2022 - 975 days so far
FAA effective
27 Apr 2022
Disbursement - USD 40,000,000
24 Feb 2023
Disbursement - USD 800,000
05 Apr 2023
To be completed
06 Jul 2042 - 6,402 days to go
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Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing51% disbursed
Instrument | Amount |
---|---|
Equity | USD 78,400,000 |
Grant | USD 1,600,000 |
Total GCF Financing |
---|
USD 80,000,000 |
Co-financing
Co-financer | Instrument | Amount |
---|---|---|
Co-Financing | Equity | USD 9,000,000 |
Co-Financing | Equity | USD 192,600,000 |
Co-Financing | Equity | USD 20,000,000 |
Total Co-Financing |
---|
USD 221,600,000 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
Request for information
GCF Information DisclosureRequest information about this project
Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
Send e-mail
Entity
Deutsche Bank AktienGesellschaft AG
Director
Taunusanlage 12, Frankfurt am Main, Germany
More contacts
National Designated Authority
Ministry of Living Environment and Sustainable Development
Director General, Division of Climate Change
01 BP 3502 - 01 BP 3621, Cotonou, Benin
01 BP 3502 - 01 BP 3621, Cotonou, Benin
Ministry of Planning and Development
Director, Economic Analysis and Policy
Gulele Sub-city, Woreda 1, Addis Ababa, Ethiopia
The National Treasury
Principal Secretary
Treasury Building 12th Floor, Harambee Avenue, Nairobi, Kenya
Programme Manager, National Coordination (FLLoCA)
Senior Policy Advisor, Climate Finance
Ministry of Environment and Tourism
Environmental Commissioner
Deputy Director, Multilateral Environmental Agreements, Department of Environmental Affairs
Ministry of Environment and Tourism, Private Bag 13306, Windhoek, Namibia, Windhoek, Namibia
Chief Conservation Scientist
National Council on Climate Change
Special Presidential Envoy on Climate Action (SPEC)
Office of the President of the Federal Republic of Nigeria, State House, Abuja, Nigeria
Director-General and Chief Executive Officer
14 Vistula Close, Maitama, FCT, Abuja, Nigeria
Vice President's Office
Permanent Secretary
Principal Forest Officer, UNFCCC National Focal Point
Ministry of Finance, Planning and Economic Development
Permanent Secretary / Secretary to the Treasury
Ag. Director Debt and Cash Policy
Ag. Commissioner, Development Assistance and Regional Cooperation Department
Head, Climate Finance Unit
Documents
Title | Type | Date |
---|---|---|
Universal green energy access programme | Approved funding proposal | 22 Mar 2017 |
Environmental and social safeguards (ESS) report for FP027: Universal Green Energy Access Programme (UGEAP) | Environmental and Social Safeguards report | 21 Oct 2016 |