The new Fund launched by the group will boost education, health and community projects in Kenya, Tanzania, Mozambique and Malawi, impacting the lives of 55,000 people.
ARE Member EDP will support six sustainable and clean energy projects in East Africa through the A2E (Access to Energy) CSR Fund. In this first phase, 450 thousand euros will be applied to promote access to energy in remote rural areas without connection to the electricity grid, aiming to alleviate energy poverty in developing countries. These initiatives will impact 55 thousand people, of whom ten thousand will be impacted directly.
In total, 108 entities from around the world applied for the first edition of the Fund oriented for projects in Mozambique, Kenya, Tanzania and Malawi. The selected institutions, according to criteria such as social impact, partnerships, sustainability, potential for expansion and number of beneficiaries, work in the areas of education, health, water and agriculture, business and community, each one received financial support ranging from 25 thousand to 100 thousand euros and committing to implement their projects by the beginning of next year.
In Kenya, the Co-operative Bank Foundation and SAVIC Africa were selected. In Mozambique, support was given to UN-Habitat and Girl MOVE. In Malawi, the Energía Sin Fronteras Foundation was chosen and, in Tanzania, the Sustainable Investment and Development Initiative.
"This initiative reinforces once again EDP group's commitment to contributing to a more sustainable society, giving priority to the mitigation of electrical exclusion that still affects more than one billion people worldwide. Access to energy has the potential to play a revolutionary role in emerging countries, being an essential tool for a society to foster opportunities and equality", says António Mexia, president of EDP.
In addition to supporting social responsibility activities through this Fund, which has a global allocation of EUR 1 million and is expected to launch the second edition by the end of this year, EDP Group's A2E strategy also foresees the investment of EUR 12 million over the next three years in companies with sustainable solutions for universal access to energy. This bet was already materialised in 2018, with the first investment in the sector: the acquisition of a stake in SolarWorks!, a company with operations in Mozambique and that is dedicated to the commercialisation of decentralised solar energy solutions.