ARE-RECP Off-Grid Investment Forum creates fertile ground for off-grid investments (Press Release)

Amsterdam, 15 April 2016 – In a joint effort to mobilise key decision makers as well as institutional and business representatives to further investments in off-grid renewables in the developing world, the Alliance for Rural Elecrtification (ARE) and the Africa-EU Renewable Energy Cooperation Programme (RECP) organised a high level investment forum in ING Headquarters and the Bijlmer Amsterdam Arena in  Amsterdam, The Netherlands  on 12-13 April  2016.

The forum was attended by more than 250 participants from the private sector, financiers and development partners. It opened with the announcement of the launch of ElectriFI’s first call for proposals on Friday, 15 April 2016. The CEO of SE4All and Special Representative of the UN Secretary-General Rachel Kyte also delivered a keynote speech appealing to investors and financiers to help de-risk, unlock and amplify investments in renewable off-grid projects.

Rachel Kyte, CEO of SE4All and Special Representative of the UN Secretary-General: “Decentralised renewable energy will be essential if we are  to close the energy access gap. With advances  in technology  and competitive prices, we now need to support leaders to introduce policy reforms and unlock the finance to bring power  to the people.”

 

Frederik van den Bosch, EDFIMC / ElectriFI: “Thank you ARE for bringing together your members and other relevant parties in the field. It is only through face-to-face encounters that you create a basis for further cooperation. I thoroughly enjoyed the combination of good presentations and networking opportunities to further  discuss.”

 

While aiming to inspire key players in the sector to up investments in clean electrification markets, the Forum equally gave recognition to companies and organisations, which have made special contributions to advance the development of the rural electrification sector in the past. At the occasion of its 10-year anniversary, ARE celebrated it first Awards to honour the passion and strong efforts of Phaesun (Private Sector in Developed Countries),  Rahimafrooz  Renewable Energy  Limited  (Private Sector in Developing Countries),  OFID (NGOs & Foundations), Kenya (Government in Developing Countries) and the European Commission DG DEVCO (Multilateral & International Organisations).

Caroline Nijland, ARE Vice-President: “We are delighted about the high commitment of the private sector as shown during this Off-Grid week in Amsterdam to effectively facilitate energy access in developing countries by sharing best practices and learning about engagement possibilities. The Forum has shown clearly that there is a strong need for better solutions for risk-sharing, adequate resourcing and incentivising policy conditions to allow the private sector to get fully engaged. We would like to thank ING Bank N.V. and the European Commission for their support  to realise this  Forum.”

Building upon the strong foundation created by discussions and announcements of Day 1, the second day of the forum, which was hosted by RECP, provided a structured platform for participants to come together to talk business. The structured B2B and matchmaking session in the afternoon featured about 180 parties engaged in more than 620 direct meetings.

Michael Franz, RECP Programme Manager: “Africa’s energy markets are not only tomorrow’s growth markets – the time for action is actuallynow, at this time ofconjecture ofpoliticalwill and technologyreadiness. In particular, the off-grid sector is finally experiencing the much-needed uptake in attention, and also in investment. We are committed to support  our partners  and the industry to the best of our  abilities.”

 


The Alliance for Rural Electrification (ARE) is an international business association representing the decentralised energy sector working towards the integration of renewables into rural electrification markets in developing and emerging countries. We enable improved energy access through  business  development support for more than 90 members along the whole value chain for off-grid technologies.

The Africa-EURenewable Energy CooperationProgramme (RECP) is a multi-donor platform for promoting renewable energy market development and investment in Africa. It thereby contributes to growth and development in both continents, and to addressing national and global energy access as well as climate change objectives (AEEP / SE4All / SDG / COP targets and objectives). Focusing on small- and medium- scale renewable energy markets, it provides a set of support services to private sector and policymakers, including policy advisory, market information and match-making, access-to-finance advisory as well as support to skills development and innovation. The RECP is supported by the European Commission, the Netherlands,  Germany, Austria and Finland.

ElectriFI is an innovative mechanism to unlock, accelerate and leverage investments increasing or improving access to affordable, reliable, sustainable and modern energy. The initiative was launched by the European Commissioner for International Cooperation and Development, Mr Neven Mimica, at COP21 in December 2015, with an initial EU allocation of EUR 75 million, and the first round of applications for ElectiFI support will  be invited on 15 April 2016. ElectriFI will constitute a platform gathering efforts and resources of global partners committed to SDG7 and the US Government, through Power Africa, has already confirmed its contribution. All interested investors and financiers are invited to participate to this first call. Additional application invitation rounds  are also expected to be launched later in  2016.

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