Unfortunately #EEP_Africa financing is limited to €1 million and there remains a 'valley of death' for companies to progress to MDB financing which typically starts at €50million, or commercial banks.
The blended finance #FinlandIFCclimateFund attempts to de-risk smaller RE projects in developing countries with a first-loss share of a few million.
https://um.fi/finland-ifc-blended-finance-for-climate-program
A few projects already completed, like #Kael & #Kahone utility scale solar plants in #Senegal https://pressroom.ifc.org/all/pages/PressDetail.aspx?ID=16849
#EEP_Africa #finlandifcclimatefund #kael #kahone #senegal