There is treasure under the oceans. Treasure that lies for miles on end at the bottom of the world’s oceans. This global treasure can potentially get humanity to a zero-carbon future. I’m referring to polymetallic nodules.
The structure: blended finance. Privately-led, publicly-supported. Results-based financing from REA. Senior and junior debt. Equity co-investment. All coordinated through a single syndicated facility.
#BlendedFinance#GreenFinance
The anchor institution: the Rural Electrification Agency of Nigeria, leveraging its results based financing frameworks and programmes (example: the DARES programme one of the most ambitious distributed energy initiatives on the continent). #GFIF#REA#Nigeria
The Green Finance and Investment Facility (GFIF) is designed to unlock $40B in distributed renewable energy investment across Nigeria. The pilot: $188M, 191MW, 12 projects lots, 9 developers.
#GFIF#BlendedFinance#GFIFLaunch
Last week in Lagos, Nigeria’s first privately led blended finance platform for distributed renewable energy officially launched.
#GFIF#BlendedFinance#GFIFLaunch
Clean energy can’t wait for “someday.”
The opportunity is here, and the time to act is now.
Today marks another major step with the launch of GFIF driving collaboration, innovation, and financing for scalable energy impact.
#GFIF#GFIFLaunch#RenewableEnergy#GreenFinance
Global clean energy investment: $2.1 trillion (2024). Sub-Saharan Africa: hundreds of technically viable DRE projects in dev. African energy pjts failing before financing: approx. 80%. Capital exists. Projects exist. Architecture to connect them does not. That is the diagnosis.
Global clean energy investment: $2.1 trillion (2024). Sub-Saharan Africa: hundreds of technically viable DRE projects in dev. African energy pjts failing before financing: approx. 80%. Capital exists. Projects exist. Architecture to connect them does not. That is the diagnosis.