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.
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 - 323 days so far
FAA effective
10 Nov 2022
Disbursement - USD 1,050,000
10 Jul 2023
Completed
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing1% disbursed
Instrument | Amount |
---|---|
Loan | USD 80,000,000 |
Guarantee | USD 80,000,000 |
Grant | USD 10,900,000 |
Total GCF Financing |
---|
USD 170,900,000 |
Co-financing
Co-financer | Instrument | Amount |
---|---|---|
Co-Financing | Guarantee | USD 50,000,000 |
Co-Financing | Loan | USD 18,000,000 |
Co-Financing | Loan | USD 92,000,000 |
Co-Financing | Grant | USD 4,000,000 |
Co-Financing | Loan | USD 100,000,000 |
Co-Financing | Loan | USD 215,000,000 |
Co-Financing | Equity | USD 310,000,000 |
Total Co-Financing |
---|
USD 789,000,000 |
GCF Contacts
General media inquiries
GCF CommunicationsPhone +82 32 4458 6338 (KST)
Send e-mail
Request for information
GCF Information DisclosureRequest 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
Principal Climate and Environment Finance Officer
African Development Bank Climate Change and Green Growth Department CCIA. Rue Jean Paul II, Plateau, 01 BP 1387 Abidjan 01, Côte d’Ivoire
More contacts
National Designated Authority
Ministry of Planning and Development
Director, Economic Analysis and Policy
Gulele Sub-city, Woreda 1, Addis Ababa, Ethiopia
Ministry of Finance
Director of Economic Strategy and Research Division
P.O. Box MB 40 Ministries, Accra, Ghana
The National Directorate of the Environment
Executive Secretary of the National Designated Authority of the Green Climate Fund
Coléah Lansébounyi, Commune de Matam, Conakry, Guinea
Substitute
Coléah Lansébounyi- Commune de Matam, Conakry, Guinea
The National Treasury
Principal Secretary
Treasury Building 12th Floor, Harambee Avenue, Nairobi, Kenya
Programme Manager, National Coordination (FLLoCA)
Senior Policy Advisor, Climate Finance
National Council on Climate Change
Director General
Headquarters Mabushi, Abuja, Nigeria
Ministry of Environment and Sustainable Development
Director of General Directorate of Sustainable Development
Ministere des Affaires Locales et l'Environnement, Cite Administrative, Rue du Developpement, Cite el Khadra, Tunis, Tunisia
Documents
Title | Type | Date |
---|---|---|
Environmental and social safeguards (ESS) report for FP168: Leveraging Energy Access Finance (LEAF) Framework - LEAF Risk Sharing Facility with the African Guarantee Fund | Environmental and Social Safeguards report / Sub-project ESS report | 29 May 2023 |
Leveraging Energy Access Finance (LEAF) Framework | Approved funding proposal | 16 Jul 2021 |
Environmental and social safeguards (ESS) report for FP168: Leveraging Energy Access Finance (LEAF) Framework | Environmental and Social Safeguards report | 07 Jun 2021 |
Gender action plan for FP168: Leveraging Energy Access Finance (LEAF) Framework | Gender action plan | 07 Jun 2021 |
Gender assessment for FP168: Leveraging Energy Access Finance (LEAF) Framework | Gender assessment | 07 Jun 2021 |