A EUR 40 million country window dedicated to the Zambian renewable energy market.
ElectriFI will mostly apply to projects leading to new and improved connections to electricity for populations living in under-served and remote areas.
Only one third of the population In Zambia has access to electricity. In an effort to increase the country’s electrification rate, the government started investing in clean off-grid energy solutions to reach its target of 51% rural electricity access by 2030. ElectriFI aims to support the national strategy by empowering investors and entrepreneurs active in the renewable energy market as well as by catalysing new sources of funding.
“Aligned with sector priorities set out in the 7th National Development Plan, the Zambia-EU Partnership for ‘Energising Zambia’ intends to attract private sector investment through a combination of traditional and innovative financial instruments, for both on-grid and off-grid investments“. H.E. Alessandro Mariani, Ambassador of the European Union to Zambia