A New Instrument to Foster Large Scale Renewable Energy Development and Private Investment in Africa
RES4Med&Africa, in collaboration with its members led by PwC, released the new white paper “A New Instrument to Foster Large-Scale Renewable Energy Development and Private Investment in Africa“. In this white paper RES4Med&Africa analysed RE financing mechanisms’ best practices and weaknesses, thus stressing the need for a new instrument to support large scale RE plant development in Africa.
Ideally this new instrument would provide investors with a “one-stop shop” instrument for financing and guarantees, and governments with a reliable tool to support their policy and the regulatory frameworks. Through this new instrument, called REnewAfrica, RES4Med&Africa aims to further promote the development of renewable energy and contribute to the sustainable development of Africa.