EEP’s future host NDF encouraged discussion on blended finance for SDGs, NDCs and energy access at COP23

Leveraging public financing to scale up progress on Sustainable Development Goals (SDGs) and Nationally Determined Contributions (NDCs) was the theme of a COP23 side event and panel discussion hosted by the Nordic Development Fund (NDF) on Tuesday 14 November in Bonn. Pasi Hellman, NDF’s Managing Director, kicked off the event at the Nordic Pavilion where Nordic finance institutions showcased their work: “We are actively leveraging NDF’s wide array of financing instruments to support delivery of the SDGs and NDCs in our partner countries”.

The conversation was anchored around a presentation of results and vision for the next phase of EEP S&EA as a concrete case study illustrating precisely the role of well targeted donor commitments catalysing private sector engagement on the SDGs and NDCs. The phase III of EEP S&EA will be launched in January 2018 as a multi-donor trust fund under the overall leadership of NDF and fully aligned with the SDGs and NDCs for the countries of the region.

NDF highlighted that EEP has established a strong brand for delivery, impact and effectiveness and committed more than EUR 50 million in direct financing to more than 200 pioneering projects leveraging clean energy technology and innovative energy access business models to transform lives and livelihoods and support the growth of a vibrant green economy in the region. EEP Programme Director Wim Jonker Klunne participated in the events and provided background on the results achieved by EEP. He also highlighted the role of young entrepreneurs within the portfolio and the partnerships formed with other initiatives to advance the sector.

The event was moderated by Charles Wetherill from NDF and brought together representatives from EEP donors MFA Finland and ADA as well as a group of panelists including Sheila Oparaocha from the ENERGIA International Network on Gender and Sustainable Energy (ENERGIA), Mahua Acharya from the Global Green Growth Institute (GGGI), Monojeet Pal from the African Development Bank (AfDB) and Naeeda Crishna Morgado from the Organisation for Economic Cooperation and Development (OECD).

The importance of blended finance arrangements and risk sharing between the public and private sector for scaled-up impact was emphasized by the panelists throughout the event as well as the need for linking youth and women to capital. Wetherill closed the event pointing out the annual USD 2 trillion gap (see OECD report) between actual public financing flows and what developing countries need to achieve the SDGs and commitments from the Paris Climate Agreement. “We quite simply have no choice. To close this gap and achieve these goals, we must blend our financing with other stakeholders.”

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Photos: NDF/Joel Sheakoski

EEP Project of the Year Award topped off the Knowledge Exchange Forum in Kampala

More than 90 enthusiastic EEP project developers, investors and other professionals in the field of renewable energy and energy efficiency gathered on 11 October in Kampala to meet peers and exchange new ideas. The 6th EEP Knowledge Exchange Forum was built around inspiring presentations and discussions, encouraging participants to active networking and sharing of experiences. The intense day reached its climax with the announcement of the EEP Project of the Year 2017 Award winner.  

Private sector’s potential must be harnessed effectively

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Esther Nyanzi from UNREEEA kicked off the day by speaking about their important mission to improve business environment for renewable energy and energy efficiency companies in Uganda and contribute to sustainable development. After that, the invited keynote speaker, Chairman of Simba Group Patrick Bitature gave a powerful speech about investments in renewable energy in Uganda. Mr. Bitature praised EEP as a true partnership and urged local companies to show their innovations and bravely search for funding opportunities. He also encouraged African and foreign companies to collaborate, in order to facilitate skills transfer. According to his words “Private sector should start with what they have got, fail, get up and start again. We cannot depend on donors forever”.

EEP Grant Manager Fred Eklund shared the current status of the project portfolio, highlighting the excellent results and the life-changing impacts the projects are achieving across sectors, countries and project types. Variety of the projects has proven to be one of the greatest strengths of EEP, making the programme stand out in the region. EEP Programme Director Wim Jonker Klunne continued with presenting hydropower projects in the EEP portfolio and the panel on hydro shared their thoughts about barriers and possibilities in the African hydropower sector.

Partnering and knowledge sharing throughout KEF

After the lunch GOGLA and EUEI PDF (sharing on RECP and ElectriFI) provided brochuresinteresting insights into supporting mechanisms for renewable energy projects and highlighted the need for early-stage funding through EEP as well as the added value in partnering and sharing information on funding opportunities.

In addition to several networking breaks, the round-table discussions offered the participants a chance to share their own experiences about innovations in the business model; challenges and lessons from product distribution; regulatory and policy framework; productive use of energy; and ideal team composition for reaching best results in energy projects. The participation in the round-tables was very active and room was full of discussion.

EEP Project of the Year Award 2017

For the fourth time since 2014, EEP selected the Project of the Year among the three shortlisted projects who were invited to give a presentation at the KEF. The competition was very tough as 15 successful project developers had submitted an application for the award. The Project of the Year title was finally awarded to the Kampala-based company Green Bio Energy. The winner convinced the EEP jury with the remarkable results that they have achieved with their energy-efficient cookstoves and eco-friendly briquettes.  Green Bio Energy has up to date affected the lives of 750,000 Ugandans, reduced 265,000 tons of CO2 emission and created permanent jobs for over 250 people. GBE’s annual growth in sales is forecast to be 25 %, and the company is poised to continue its expansion in Kampala and Mbale areas. Green Bio Energy hoped that this award would support them in achieving even better results and a greater impact.

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This year’s winner GBE will be seen in the world’s leading startup event Slush Helsinki in November, where they will get a valuable opportunity to create contacts with international investors and mingle with other startup companies.

The other two great finalists were Absolute Energy with a solar PV mini-grid project electrifying a remote island of Kitobo in Lake Victoria, and BioLite whose innovative cookstove solution addresses multiple energy needs (ie. cooking, phone charging and lighting) simultaneously. All the finalists have shown great business potential, and we can be sure to hear more about them in the future.

 

Towards EEP Phase III

The last Knowledge Exchange Forum of the second phase of EEP was closed with the donors’ insights into the achievements of EEP Phase II and introduction to the future of the new EEP Multi-donor Trust Fund starting its operations in the beginning of 2018. The donors humbly thanked all project developers for their committed efforts in advancing the goals of EEP.

Presentations:

More presentations from KEF Kampala will be added soon.

 

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Invitation to 6th EEP Knowledge Exchange Forum in Kampala, Uganda

The EEP S&EA will be hosting its 6th Knowledge Exchange Forum (KEF) on the 11th of October 2017 at Protea Hotel Kampala, Uganda. You are warmly welcome to join the KEF to hear about the recent developments of renewable energy sector in Uganda and East Africa.

The EEP Knowledge Exchange Forum organised since 2014 has been an active event of discussions, sharing of experiences and a place to network with players in the renewable energy and energy efficiency sector. The feedback from the previous KEFs has enabled us to develop a highly appreciated event specifically tailored for the needs of EEP project developers. Based on its core idea of networking, the KEF offers ample opportunity to learn and build new business relationships.

The day will be built around a combination of interesting presentations and casual networking. Programme’s highlights include private sector perspectives on investing in renewable energy shared by Patrick Bitature, founder and chairman of the Simba Group of Companies. In addition, the KEF will discuss and introduce various support mechanisms for project developers. The status of EEP Phase III will be shared during the KEF. Towards the afternoon the participants are encouraged to share their successes and challenges in round-table discussions.

The day will reach a finale in the awarding of EEP Project of the Year 2017 so please apply for the prestigious nomination here >>. Three shortlisted projects will be invited to pitch their projects during the KEF and the lucky winner will gain an opportunity to participate in the world’s leading startup event Slush Helsinki.

See the KEF agenda here >>

The agenda is preliminary and subject to change. The final programme of the day will be updated on the EEP website.

Register latest on 30 September >> 

Please note, that participation in the event is open for all and free of charge but a registration is compulsory. There is a limited number of seats so make sure to reserve your place soon!

We sincerely hope you will be able to join us in KEF Kampala and look forward to meet you there. Welcome! 

 

Save the date for next KEF in Uganda and apply for EEP Project of the Year 2017 Award

The 6th EEP Knowledge Exchange Forum will take place in Kampala, Uganda on the 11th of October. Winner of the EEP Project of the Year Award will get an opportunity to participate in the world’s leading startup event Slush, Helsinki.

All project developers and other actors in the renewable energy sector are invited to join the 6th KEF event in Kampala. More information on the venue and detailed agenda will be published soon.

EEP Project of the Year 2017 will be selected and announced during KEF Uganda. Since 2014 ECO has nominated one outstanding project as the EEP Project of the Year.  Previously, the EEP Project of the Year title has been awarded to DevergyEco-Fuel Africa and iSmart Kenya.  Application for this year’s award is now open and three shortlisted finalists will be invited to present their projects at KEF Uganda where the winner will be announced.

The Project of the Year 2017 will be awarded an exclusive opportunity to join Slush Helsinki! EEP will fund travel, accommodation and associated costs for one representative of the winning project to participate in the world’s leading startup event.

If you are EEP project developer with excellent performance and interested in showcasing your innovation to the top global audience, including a full range of investors, take part of the EEP Project of the Year 2017 competition. Read the instructions in the invitation, fill out the application form and submit it by 15 September.

What is Slush?

Slush is a unique start-up event founded in Helsinki that has grown to be the leading one in Europe and spread globally to Tokyo, Shanghai and Singapore. The very core of Slush is to facilitate founder and investor meetings, and to build a world-wide startup community with extraordinary energy and enthusiasm. Slush has remained a student-driven, non-profit movement that aims high at bringing together the leading actors of the global tech startup scene and change attitudes toward entrepreneurship.

In 2016 Slush Helsinki attracted 17,500 people including 2,300 startups, 1,100 investors and 600 media representatives from over 120 countries. Emerging markets are also present at Slush as every year a group of impact-driven startup entrepreneurs from emerging countries in Africa, Asia and Latin America is selected through local pitching competitions to participate in a boot camp with Slush Global Impact Accelerator.

Read more about the Slush phenomenon and get ready to apply for the EEP Project of the Year award!

 

EEP encourages projects to join Slush Singapore to expand their horizons

Slush Singapore is the East Asian sister of the world’s leading startup event Slush Helsinki. Aligning with the goals of EEP, one of this year’s five themes at Slush Singapore is “Redefining Gaia – Building a Sustainable Planet” which invites innovative and effective startups to deliver long-term solutions for the environment.

If you are an EEP project developer interested in meeting around 200 startup investors and celebrating entrepreneurship, you should join Slush Singapore. EEP offers 20% discount to our project developers in collaboration with Slush Singapore . If you are interested in joining please contact EEP for the promotional code. Get your ticket now, as the applications for highly popular Demo Booths are still open. The Demo Area offers a fantastic platform for 80 startups to showcase to over 3,000 attendees including investors and the media!

Feel the Slush vibes through this video and find out more about Slush Singapore here >>

Investors and Projects highlighted the value of the successful EEP Investor Forum

EEP organised the second Investor Forum in Nairobi, Kenya on 30 May

The EEP Investor Forum was again highly successful in bringing EEP project developers who are looking for post-EEP investment in contact with potential investors. The event grew slightly from the first EEP Investor Forum as there was growing interest from projects and need for additional investments in the EEP portfolio that is moving forward. The event in Nairobi was attended by 18 investors ranging from impact investors to development financing institutions and 26 EEP projects that have demonstrated potential for scaling-up.

The interest from project developers was clear as the first participants arrived well before the start of the registration. All projects had the opportunity to pitch their project, future plans and investment need to the investors in the beginning of the event to entice the investors present for further discussion. Similarly, the investors presented their organisations and funding appetite to the Forum.

The focus of the Investor Forum was on the one-on-one meetings between the projects and investors, which started after the networking lunch. The one-on-one matchmaking was facilitated by the EEP team prior to the Forum based on the input from the project developers and the investors to ensure valuable meetings and interactions.

In addition to the organised meetings countless informal meetings took place during the day. The opportunity to meet several investors and projects in just one event has proved to be the added value of the EEP Investor Forum. The day was rounded off with drinks and networking that continued the active discussions of the day.

The feedback received from both the EEP project developers and the investors has been very positive and highlights the demand for the EEP Investor Forum. The Forum was thanked for the diverse range of investors, the quality of projects and opening doors for more detailed discussions.

“It would be impossible to meet these people all in one place without the event – this is a huge benefit.”
-Project Developer

The Investor Forum has demonstrated to be a successful concept and will surely be continued. Please ensure to follow us through our newsletter and social media to stay informed on future Investor Forums.

“The event was highly informative and a great way to connect with many potential (and existing) partners in one room!”
Investor

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EEP S&EA at African Utility Week in Cape Town, 16-18 May 2017

African Utility Week 2017 in Cape Town is approaching and EEP ECO and several EEP project developers will be actively participating in the AUW programme. Check out the most interesting pieces of the expo and conference agenda, and mark your calendar to meet us at the EEP Coffee Hour!

EEP projects in the AUW Programme:

Project Developers such as 5 star stoves, Afritech, CEFA, LivelyHoods and Mean Sea Level are presenting in various conference streams, Technical Workshops and Innovation Hub of the AUW. EEP Programme Director will also be a moderator in one of the conference streams.

EEP Coffee Hour at AUW:

EEP would like to invite all Project Developers participating in the AUW for a cup of coffee together on Tuesday 16 May between 11.30 and 13.00 at CTICC. If you are able to attend, please send an email to eep.eco@kpmg.fi, and we’ll send you more information closer to the date.

AUW Industry Awards:

The shortlists for the prestigious Industry Awards at the African Utility Week have been announced. We are very pleased to inform that four EEP projects / project developers and the EEP Programme Director have been shortlisted for an award.

For the Young Energy Leader Award Samir Ibrahim, CEO & Co-Founder, SunCulture Kenya has been shortlisted.

For the Small-Scale Sustainable Energy Project three out of six nominees are EEP grantees, namely:

  • Off-Grid Pay-as-you-go Solar Home Systems, Mobisol, East Africa
  • Kwa Mtoro, E.ON Off-Grid Solutions GmbH / Rafiki Power, Tanzania
  • PayGo Solar Home Systems, Azuri Technologies, Kenya

Furthermore the EEP Programme Director Wim Jonker Klunne has been shortlisted for a Lifetime Achievement Award.

Congratulations to all finalists! For the full list, please see http://www.african-utility-week.com/awardsfinalists

INVITATION TO APPLY – EEP Investor Forum in Nairobi, 30 May 2017

Following the success of the 2016 Investor Forum in Johannesburg, EEP S&EA will be hosting its second Investor Forum in Nairobi on the 30th of May 2017.

EEP Investor Forum offers an exclusive opportunity for the EEP project developers to meet potential investors and discuss about further project financing beyond the EEP.  Apply now for the opportunity to participate in this matchmaking event.  See more details in the invitation below.

Please submit your application by 8th May 2017 at 16:00 South African time (GMT +2:00). We will review the applications and contact the projects with further information shortly after the application submissions.

Note that the event is open for the EEP funded project developers exclusively.

Applications are submitted and accepted only through the application form, which can be accessed through this link: https://digiumenterprise.com/answer/?sid=1483865&chk=7JG67U2J

More info:  eep.eco@kpmg.fi 

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