FP168

Leveraging Energy Access Finance (LEAF) Framework

Leveraging Energy Access Finance (LEAF) Framework

About 570 million people in Sub-Saharan Africa lack access to electricity, and instead have to rely on kerosene and diesel generators for lighting. Meanwhile, 85 percent of the population lack access to clean cooking fuels and technologies. Failure to address these energy problems, which are holding back national development and causing rapid deforestation and dangerous levels of indoor air pollution, will severely undermine Africa’s growth and stability as a continent. 

The LEAF framework will provide decentralised renewable energy solutions to tackle the energy shortfall, while also reducing CO2 emissions and simultaneously boosting local economies and businesses. This initiative will address financial and investment barriers by deploying credit enhancement instruments and new financial products to crowd in local currency debt and commercial capital. The LEAF framework will also address adverse COVID-19 economic impacts which have limited national capacities to achieve renewable energy transition goals.  

Total project value

 

Tonnes of emissions avoided

 

Theme

Mitigation

Result areas

Project timeline

Pipeline

18 Mar 2020 - 471 days

Concept note received

18 Mar 2020

Funding proposal received

03 Feb 2021

Cleared by GCF Secretariat

07 Apr 2021

Cleared by iTAP

07 Jun 2021

Approved

01 Jul 2021 - 498 days

Approved by GCF Board

01 Jul 2021

Legal opinion on AE's Internal Approval

25 Feb 2022

FAA executed

24 Aug 2022

Under implementation

10 Nov 2022 - 26 days so far

FAA effective

10 Nov 2022

Completed

One region

  • Africa

Six countries

Two priority groups

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

GCF financing

InstrumentAmount
LoanUSD 80,000,000
GuaranteeUSD 80,000,000
GrantUSD 10,900,000
Total GCF Financing
USD 170,900,000

Co-financing

Co-financerInstrumentAmount
Co-FinancingGuaranteeUSD 50,000,000
Co-FinancingLoanUSD 18,000,000
Co-FinancingLoanUSD 92,000,000
Co-FinancingGrantUSD 4,000,000
Co-FinancingLoanUSD 100,000,000
Co-FinancingLoanUSD 215,000,000
Co-FinancingEquityUSD 310,000,000
Total Co-Financing
USD 789,000,000

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

African Development Bank
Mr. Timothy Afful-Koomson
Primary

Chief Climate Finance Officer
More contacts

National Designated Authority

Ghana
Ministry of Finance
Dr. Alhassan Iddrisu Primary
Director of Economic Strategy and Research Division
P.O. Box MB 40 Ministries, Accra, Ghana
Nigeria
Federal Ministry of Environment
Dr. Iniobong Abiola-Awe Primary
Director of the Department of Climate Change
Phone +2348034452959
iniabiolawe@yahoo.co.uk
Tunisia
Ministry of Environment and Sustainable Development
Mr. Chokri Mezghani Primary
Director of General Directorate of Sustainable Development
Ministere des Affaires Locales et l'Environnement, Cite Administrative, Rue du Developpement, Cite el Khadra, Tunis, Tunisia
Phone +216 22 74 93 62
Phone +216 70 24 38 00
chokri.mezghani@mineat.gov.tn
chokri.mezghani@yahoo.fr
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
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
Guinea
The National Directorate of the Environment
Mr. Pierre LAMAH Primary
Executive Secretary of the National Designated Authority of the Green Climate Fund
Coléah Lansébounyi, Commune de Matam, Conakry, Guinea
Phone +224 621 773 443
pierlam_georgsoncol17@yahoo.fr
Mr. Mamadou Oury BARRY Secondary
Substitute
Coléah Lansébounyi- Commune de Matam, Conakry, Guinea
Phone +224 622 802 465
barry8763@gmail.com

Documents