Using technical assistance under CEADIR, the USAID/West Africa Regional Missions aims to expand the use of clean energy (CE), assess the CE markets and the readiness and capacity of financial institutions (FIs) to enter CE markets.The USAID Climate Economic Analysis for Development, Investment, and Resilience (CEADIR) Activity aims to make the business and economic case for investing in climate change mitigation and adaptation.
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Implementer |
CEADIR, USAID West Africa Regional Mission |
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Donors and budget |
USAID/Power Africa |
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Start and end date |
2017 to March 2018 |
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Aims/objectives |
Mobilizing public and private finance to expand CE markets and the share of CE in the generation mix in the eight West African countries. (1) Identification of needs and cooperating partners (2) Capacity development to promote RE lending by commercial banks (3) Development and implementation of RE lending products, instruments, and enabling environments |
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Geographic coverage |
Côte d’Ivoire, Ghana, Guinea (Conakry), Liberia, Niger, Nigeria, Senegal, and Sierra Leone |
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Contact persons |
Dr. Eric HymanContracting Officer’s Representative (COR)This email address is being protected from spambots. You need JavaScript enabled to view it., Dr. Marcia Trump, Chief of Party (COP)This email address is being protected from spambots. You need JavaScript enabled to view it.
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With Power Africa support, the USAID West Africa Regional Mission is funding CEADIR. Using the USAID Clean Energy Lending Toolkit (CELT), CEADIR will aid selected FIs in developing credit products. CEADIR will then link these FIs to newly-emerging CE service providers to expand lending to the CE sector. USAID/CEADIR will continue its support in the eight countries through March 2018.
Partners in this activity include USAID/West Africa, USAID’s bilateral missions and offices in the eight countries, USAID’s Development Credit Authority (DCA), Power Africa, Renewable Energy and Energy Efficiency Partnership (REEEP), ECOWAS Centre for Renewable Energy and Energy Efficiency (ECREEE), the regional Private Financing Advisory Network (PFAN) advisors, and other donors and development assistance agencies.
About CEADIR
CEADIR is managed by the Global Climate Change (GCC) and Economic Policy Offices (EP) of the Economic Growth, Education, and Environment (E3) Bureau. CEADIR supports analysis and planning to mobilize financing from private and public sources and to scale up low-carbon, climate-resilient development. CEADIR partners with Power Africa to add 30,000 MW of power generation and 60 million new electricity connections in sub-Saharan Africa.
This global project can assist national and subnational governments, local communities, NGOs, and private sector businesses in all USAID-assisted countries. The funding ceiling is $19.3 million, including central resources and buy-ins from USAID missions and offices. New buy-ins can be accepted through September 29, 2017 with a period of performance extending to September 29, 2018
Updates, results, impact
- Translated the Clean Energy Lending Toolkit from English to French and Spanish
- Conducted assessments of clean energy lending in each of the countries
- Identified commercial banks interested in CEADIR assistance and is training them to assess their markets for renewable energy lending; understand the technologies, business models, and risks; develop appropriate loan products; and appraise related loan applications
- Links banks to clean energy companies, developers, and potential investors
- Develops an analytical tool for evaluating the financial viability of rooftop solar applications in the eight countries
- Prepares case studies on agribusiness and textile company investments in renewable energy