Supporting investments in renewable energy and energy efficiency

The specific objectives of the project are: to develop the renewable energy as part of Kenya's energy mix by promoting the use of agro-industrial energy for these forms of energy, reduce the country's energy intensity by stimulating investment from agribusiness and the hotel sector in energy efficiency projects, to encourage local banks to gradually diversify their credit activity towards financing this type of project. The project is composed of two complementary components: Component 1: credit line has been opened to Nairobi's banks to  finance renewable energy development projects intended either for self-consumption or for connection to the electricity grid, or including a significant energy efficiency component in the agribusiness and hotel sectors. Cooperative Bank was the first bank in the region to sign a loan agreement with AFD. Component 2: Technical Assistance (TA) specialized in the conduct of renewable energy and energy efficiency projects. This component is intended to support investors and banks in a new approach regarding which they do not master the technologies used.