UNDP and TRINE partner to scale-up private investment in high-impact energy projects

UNDP and TRINE are jointly setting-up a new initiative to scale-up private investment in high-impact energy access projects with an initial focus on Kenya, expanding later to Rwanda, Nigeria, Tanzania and Zambia. UNDP will assess and monitor the impacts of projects using UNDP’s Climate Action Impact Tool which offers investors to quantify and track the social and environmental impacts of their investments to make informed decisions.

The initiative is expected to unlock investments of 6 Million EUR in off-grid solar energy by the end of 2018 and give 300,000 people access to clean and affordable energy in Sub-Saharan Africa whilst mitigating approximate 84,000 tons of CO2 emissions.

Together with one of the leading companies in the off-grid solar energy sector, BBOXX, who is one of the investees on the platform, UNDP’s Climate Action Impact Tool will be piloted on their Kenya operations.

Source: UNDP

 

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