Consultancy
Energy Efficiency. Renewable energy N/A
Development of a financial scheme in support to Renewable Energies projects and Energy Efficiency in Industries and Commercial Building sectors in the 8 west African countries of WAEMU
| Country : | WESTERN AFRICA |
| Client : | AFD (French Development Agency) |
| Start Date : | May 2011 |
| Completion Date : | July 2011 |
| Value of services : | 85 000 € |
| Funder : | AFD (French Development Agency) |
| Associate/Partner : | Eurékal |
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| Description : |
A better energy performance in the industries and the increased use of renewable energies could contribute to the economic social development of the WAEMU countries. In this context, the AFD intends to spread a credit line with the aim of increasing the energy competitiveness of the WAEMU companies and increasing the use sustainable energy. Three main objectives are targeted: 1. Develop a culture of energy management within the companies; 2. Strengthen capacities of companies for the implementation of energy competitiveness strategies; 3. Support the banking sector in the mobilization of increased financing for energy efficiency and renewable energy projects. |
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| Description of the Actual Services Provided | 1. Identification of sectors with great investment potential for Energy Efficiency. Data collection and interviews with the main stakeholders (representatives' sectors associations, Ministries, investors…) To realize this task, IED has mobilized a network of resident local experts in each of the WAEMU countries; 2. Identification of the advanced projects in EE and RE. The identification approach was carried out through meetings with the industries, the project developers, and the professional organizations; 3. Analysis of current projects and formulation of a strategy for EE and RE. The analysis of the mature projects allowed to identify the categories of typical investment, by country and which could be answered on a large scale. A multicriteria analysis was carried out: technico-economic, regulatory framework, existence of carriers of projects, banking practices. On these bases, a strategy was elaborated and recommendations made regarding the elaboration of the credit line and the set-up of accompanying measures. |