Germany commits €100m to Sefa to unlock private investment in renewable energy

The German government will contribute €100-million to the African Development Bank’s Sustainable Energy Fund for Africa (Sefa), affirming its commitment to efforts to tap Africa’s renewable energy potential and drive its transition to clean energy sources. The funding will be used to unlock private sector investment in green baseload projects. Specifically, it will support technical assistance and investment in power generation, transmission and distribution to increase penetration of renewable power in African grids.