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Green Africa Power (GAP) has been developed jointly by the UK Department of Energy and Climate Change (£25m) and UK Department for International Development (£53m) and in total the UK is contributing £98million over 2012 to 2015 to tackle specific constraints to private sector investment in renewable power generation in Africa. The UK will provide £95 million to capitalise GAP - a new company that will be established under the Private Infrastructure Development Group (PIDG) Trust. GAP will invest in renewable energy projects to demonstrate the viability of renewable energy in Africa so that future projects are more likely to happen and attract private developers and investors. A further £3 million will be used to set up the project, monitor and evaluate these impacts and capture and disseminate this knowledge. GAP aims to support projects that will install ~270MW of renewable energy in Africa in 4 years, avoiding an estimated 2.3m tonnes of CO2 emissions. ;
more_horiz
Name | Type | Role |
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Uk Department of Energy and Climate Change | Government | Funding |
Private Infrastructure Development Group | Multilateral | Accountable |
Uk Department for International Development | Government | Funding |
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Receiver |
Type | Date |
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Not Available | Provider N/A Receiver N/A |
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