ASCENT Regional Energy Access Financing Platform 2 -Derisking Facilities

pipeline

The Project is a new phase of the Accelerating Sustainable and Clean Energy Access Transformation in Eastern and Southern Africa Multiphase Programmatic Approach (ASCENT ). The proposed Regional Energy Access Financing Platform 2 (REAF2) would be a part of the ASCENT ecosystem, supporting private sector-driven DRE electrification and access to clean cooking. REAF2 will provide derisking instruments such as partial credit guarantees and carbon risk mitigation instruments 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.