SolarPower Europe and the European programme GET.invest have announced a new partnership to contribute to broad and sustained market development for renewable energy in the African, Caribbean, and Pacific (ACP) region. The partnership comes under the umbrella of support from the European Union, Germany, Sweden, the Netherlands, and Austria for GET.invest to promote private sector action for building sustainable energy markets in partner countries.
SolarPower Europe will use its network to mobilise European and ACP solar energy companies for joint business development; this includes capacity building and support of industry associations in ACP renewable energy markets, as well as increasing visibility of related projects.
For this endeavour, SolarPower Europe will draw on the knowledge of GET.invest, a programme supported by the European Union, Germany, Sweden, the Netherlands and Austria. GET.invest offers several services to renewable energy project developers and businesses. To date, GET.invest has supported over 100 transactions in the market throughout sub-Saharan Africa with a total projected investment volume of over 1 Billion USD.
Only with the support of the private sector can the race against climate change be won and the Sustainable Development Goals, in particular SDG7, reached. The EU supports companies investing in sustainable energy through its External Investment Plan.
The partnership between SolarPower Europe and GET.invest aims to better inform the private sector, connecting companies and investors in partner countries.
Building on SolarPower Europe’s previous collaboration with GET.invest’s predecessor, the Africa-EU Renewable Energy Cooperation Programme (RECP), the new partnership includes activities such as information events, capacity building for national associations, partner exchanges, outreach and mobilisation, as well as general private sector capacity building.
Source: SolarPower Europe