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IG for SUNREF West Africa Phase II

Western Africa
Grant Amount
EUR 2,434,000
Total project cost
EUR 156,000,000
Under disbursement
PFG Lead Financier

The SUNREF West Africa II project is a tailor-made programme that aims at financing small and medium green investments in Ghana and Nigeria, with a view of creating a demonstration effect in the market. It is an extension for Anglophone countries of the SUNREF West Africa I project, co-financed by EU-AITF under the name "Financing energy efficiency and renewable energy investments of private companies in West Africa" which is ongoing since 2014 in Senegal, Ivory Coast, Togo, Benin and Burkina Faso. It will consist of: 

  • Credit facilities provided to local banks with the necessary long-term financing.
  • A Technical Assistance Program to support project developers, local service providers and partner banks.
  • An investment grant scheme to provide additional incentives to green investments.   

The EU-AITF Investment Grant will be used as investment incentives to be transferred to the final beneficiaries as grants. The incentives will be disbursed after the eligible investments have been duly implemented and validated by a verification consultant.