DRC – The Beyond the Grid Fund for Africa (BGFA) is launching a €15 million (US$15.99m) funding round to support electrification through off-grid renewable energy solutions in the Democratic Republic of Congo (DRC).
Managed by the Nordic Environment Finance Corporation (NEFCO), this multi-donor financing facility has been implementing a US$107 million programme since 2019 to support access to electricity from renewable sources in sub-Saharan Africa.
The initiative aims to accelerate the entry and development of commercially viable businesses in the DRC, with a focus on underserved communities.
“The market survey undertaken in spring 2022 confirmed the acute need for access to electricity in the DRC, with very limited affordability of off-grid energy solutions in most parts of the country,” explains Dennis Hamro-Drotz, Senior Programme Manager at NEFCO.
As part of this round of funding for the DRC, the financial institution plans to launch a call for proposals on 21 June 2022 to select future beneficiaries.
This will be the fourth call for expressions of interest by the BGFA in sub-Saharan Africa. The most recent was launched in May 2021 in Uganda, with US$20.7 million in funding for the electrification of 3 million people. In the DRC, the funding round will accelerate electrification.
According to Power Africa, less than 10% of the DR Congolese living in rural areas have access to electricity.