Accelerating Sustainable and Clean Energy Access Transformation - Regional Energy Access Financing Platform

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The Project is a Phase 6 of the Accelerating Sustainable and Clean Energy Access Transformation in Eastern and Southern Africa Multiphase Programmatic Approach (ASCENT ). The proposed Regional Energy Access Financing (REAF) Platform would be a part of the ASCENT ecosystem, supporting private sector-driven DRE electrification and access to clean cooking. REAF will provide loans and grants to accelerate DRE and clean cooking markets in the AFE region, while mobilizing additional commercial capital, in order to unlock financing urgently needed to continue the sector’s upward trajectory towards scale. The proposed additional financing to REAF will provide equity financing to Zafiri, the Mission 300 DRE Permanent Capital Vehicle which invest equity to support DRE and clean cooking companies in Sub-Saharan Africa. This addition will further enhance the ASCENT toolbox and the overall ecosystem for the DRE sector.