FP027

Universal Green Energy Access Programme (UGEAP)

Universal Green Energy Access Programme (UGEAP)

  • Status Approved
  • Date approved 14 Oct 2016 at B.14
  • Est. completion 27 Oct 2041
  • ESS Category Intermediation 2

Contributing to universal access to electricity in Sub-Saharan Africa by scaling up investments in renewable energy from local financial markets and the international private sector.

This programme is an investment fund that will reduce GHG emissions by increasing access to clean electrical energy for mainly rural populations in Sub-Saharan Africa. It aims to provide financing for decentralized energy service companies for off‑grid and mini-grid systems for rural households and communities and renewable energy for industrial players.

Fossil fuel based energy production will be replaced with renewable, clean energy solutions that can meet increasing energy demand. Investments will target three types of projects. Off-grid renewable electricity energy in the form of solar home systems will be provided via an affordable payment plan. Green mini-grid projects will also be supported via companies that install, operate and maintain photovoltaic based mini-grids to sell energy services in rural communities. Finally, industrial renewable electrical energy and selected on-grid installations will be targeted, by investing in companies that provide modular, transportable, and often rented photovoltaic farms, offering SMEs and communities competitively-priced solar power. Around 50 investments will be made, totalling a volume of USD 500M over the course of five years, and via two phases.

At a later stage, the programme will work with local financial institutions to enable banks to provide long-term loans to businesses that provide clean electricity solutions. A public-private partnership instrument will leverage at least two-fold the impact of public capital through private investment.

The project has an estimated lifespan of 15 years.

Total project value

 

Tonnes of emissions avoided

 

Theme

Mitigation

Result areas

Project timeline

Pipeline

16 Aug 2015 - 426 days

Funding proposal received

16 Aug 2015

Cleared by iTAP

30 Sep 2016

Approved

14 Oct 2016 - 2,248 days so far

Approved by GCF Board

14 Oct 2016

Legal opinion on AE's Internal Approval

12 Mar 2021

FAA executed

07 Mar 2022

Under implementation

Completed

27 Oct 2041

One region

  • Africa

Seven countries

Two priority groups

  • Least Developed Countries
  • African States
USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing

InstrumentAmount
EquityUSD 78,400,000
GrantUSD 1,600,000
Total GCF Financing
USD 80,000,000

Co-financing

Co-financerInstrumentAmount
Co-FinancingEquityUSD 9,000,000
Co-FinancingEquityUSD 192,600,000
Co-FinancingEquityUSD 20,000,000
Total Co-Financing
USD 221,600,000

GCF Contacts

General media inquiries

GCF Communications
Phone +82 32 4458 6338 (KST)
Send e-mail

Request for information

GCF Information Disclosure
Request information about this project

Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6186 (KST)
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155 (KST)
Send e-mail

Accredited Entity

Deutsche Bank AktienGesellschaft AG
Mr. Michael Hölter
Primary

Director
Taunusanlage 12, Frankfurt am Main, Germany
Phone +49-69-910-30843
michael.hoelter@db.com
Ms. Susanne Kern
Secondary

Taunusanlage 12, Frankfurt am Main, Germany
Phone +46-69-910-60585
susanne.kern@db.com
More contacts

National Designated Authority

Benin
Ministry of Living Environment and Sustainable Development
Mr. Martin Pépin Aïna Primary
Director General, Division of Climate Change
01 BP 3502 - 01 BP 3621, Cotonou, Benin
Phone +229 96613936
marnickson@yahoo.fr
maina@gouv.bj
Mr. Théodore Cossi Domingo Secondary
01 BP 3502 - 01 BP 3621, Cotonou, Benin
Phone +229 97764297
stheodorecossi@yahoo.fr
United Republic of Tanzania
Vice President's Office
Ms. Mary N Maganga Primary
Permanent Secretary
P.O.Box 2502, Dodoma, Tanzania
Freddy Manyika Secondary
Namibia
Ministry of Environment and Tourism
Mr. Paulus Ashili Primary
Mr. Timoteus Mufeti Primary
Mr Petrus Muteyauli Primary
Deputy Director, Multilateral Environmental Agreements, Department of Environmental Affairs
Ministry of Environment and Tourism, Private Bag 13306, Windhoek, Namibia, Windhoek, Namibia
Kenya
The National Treasury
Mr. Abdul Malik Aman Primary
Head
Mr. Julius Muia Primary
Principal Secretary
Treasury Building, Harambee Avenue, P.O Box 30007-00100, Nairobi, Kenya
Phone +254 20 224 0051
ps@treasury.go.ke
Mr. Hillary Korir Primary
Economist
Nigeria
Federal Ministry of Environment
Dr. Iniobong Abiola-Awe Primary
Director of the Department of Climate Change
Phone +2348034452959
iniabiolawe@yahoo.co.uk
Ethiopia
Ministry of Planning and Development
Mr Abas Mohammed Ali Primary
Director, Economic Analysis and Policy
Gulele Sub-city, Woreda 1, Addis Ababa, Ethiopia
Phone +251 91 154 4526
abas.mohammed5@gmail.com
Uganda
Ministry of Finance, Planning and Economic Development
Mr. Ramathan Ggoobi Primary
Permanent Secretary / Secretary to the Treasury
Phone +256414707135
ramathan.ggoobi@finance.go.ug
Mr. Andrew Masaba Secondary
Principal Economist / Climate Finance Desk Officer, Development Assistance and Regional Cooperation

Documents

News + Stories

Deutsche Bank and the Green Climate Fund sign agreement at COP26 to invest in de-carbonization solutions for Sub-Saharan Africa

03 Nov 2021 /