In partnership with the African Development Bank (AfDB) and GET.invest (formerly RECP) and thanks to the sponsors, the Alliance for Rural Electrification (ARE) organised its 5th ARE Energy Access Investment Forum (EAIF), held this year for the first time in Africa in Abidjan, Ivory Coast on 13-14 March 2019.
The EAIF, supported by SEforALL and UNIDO as global Partners and by AIENR, AMDA, Club-ER and ECREEE as main regional Partners in Africa, attracted more than 260 participants from over 40 countries worldwide. More than 50% of participants came from Africa. Participants included the public and private sector, development organisations and NGOs, as well as project developers and financiers. Given their key role for positive future developments, it should be noted that the target audience was well represented to support the main objective, which is to boost clean energy access investments with a specific focus on Sub-Saharan Africa, where 588 million people still lack electricity.
To intensify the exchange with local players, ARE also held its Annual General Meeting in conjunction with the EAIF the day before. Also, English - French translations were provided during the conference.
Building on the success of the previous four editions, the EAIF offered again the opportunity to learn about upcoming political and de-risking initiatives, to discuss latest sector trends and innovations and to enter into concrete business partnerships. In total, 265 B2B matchmaking meetings were held between local, regional and international market players in addition to networking opportunities.
While finance for energy access start-ups and SMEs increased from USD 180 million in 2015 to USD 427 million in 2018, and the increase in off-grid support and financing initiatives shows positive market developments, more access finance is still needed to achieve clean and affordable energy access for all by 2030. This is especially the case in Sub-Saharan Africa, where 600 million will remain without access in 2030 at current rates of deployment.
Based on two days of intensive discussions at the EAIF, ARE has developed five key recommendations to advance effective clean off-grid sector development to help achieve the energy access objectives for Sub-Saharan Africa by 2030.2019-04-24 - 5th ARE Energy Access Investment Forum - Outcome Report - final.pdf