The African Development Bank has approved a $5.65 million grant to support renewable energy mini-grid projects across 14 African countries. The initiative aims to provide electricity to about 856,000 people in underserved and fragile communities.
The programme, announced on Wednesday, will be co-financed with an additional $5.65 million from the Nordic Development Fund, bringing the total facility to $11.3 million. It will be managed by Camco Clean Energy and Energy Peace Partners.
The project will use Peace Renewable Energy Certificates as a funding mechanism, enabling developers to receive upfront payments for mini-grid projects in countries including Nigeria, Chad, Ethiopia and Sierra Leone.
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The bank says the initiative is designed to address funding gaps in rural electrification, with the facility expected to channel investment into regions where access to reliable electricity remains limited.
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