EDP ​​supports renewable energy access projects in Africa

EDP ​​supports renewable energy access projects in Africa
EDP ​​supports renewable energy access projects in Africa

The Portuguese group EDP is launching a new edition of the A2E CSR Fund, offering 1 million euros to support energy projects in disadvantaged communities in Africa. The application phase for the 6th edition of the A2E CSR Fund runs until May 29. Interested organizations can apply for funding for clean energy access and energy inclusion projects. This year, the fund has a total budget of one million euros to finance projects in five African countries: Mozambique, Nigeria, Malawi, Kenya and Rwanda.

Impact of previous editions

Since its creation, the A2E Fund has financed 38 projects in seven African countries, directly and indirectly impacting nearly 3 million people. Vera Pinto Pereira, EDP board member, emphasizes that this fund is a commitment to the communities that need it most. With a majority of the world’s population without access to electricity living in Africa, access to renewable energy is crucial for social, economic and environmental development.

Priorities and evaluation criteria

The A2E Fund targets five priority areas: education, health, water, community and businesses. Projects are evaluated according to their social impact, their partnership potential, their sustainability, their technical and financial viability, and their capacity for expansion. Energy solutions may include facilities providing electricity for schools, irrigation systems for agriculture or refrigeration equipment for businesses.

Grant Structure and Schedule

Nonprofit organizations can secure up to 75% of total project funding, while for-profit entities are eligible for up to 50%. Funding varies between 50,000 and 150,000 euros per project. After the application phase, projects go through an evaluation and pre-selection process. The winners will be announced in the last quarter of the year.

EDP’s A2E Fund continues to play a vital role in promoting access to renewable energy in remote regions of Africa, bringing positive changes to the lives of local communities and helping them develop sustainably.

-

-

PREV Ecomondo 2024: the unmissable event for the Green Economy in Rimini | APAnews
NEXT War in Ukraine | Washington calls on its allies to give Patriot systems to Ukraine