Green Energy and Economic Development (GEED)

Objectif officiel

The proposed Action will boost the provision of on-grid and off-grid renewable energy solutions to households and Micro, Small Medium Enterprises (MSMEs) through the adoption of a market-based approach to strengthen productivity and economic growth. Specifically, the Action aims at supporting the development of food value chains by facilitating investments in affordable, clean, and modern energy and in climate adaptation solutions, which, if implemented well, should lead to substantial progress on SDG 7 (Ensure access to affordable, reliable, sustainable, and modern energy). To achieve this, the Action will support the financing of private sector investments which can spur green economic development, together with relevant advisory services, technical assistance and training on renewable energy, agro-ecological approaches and nature-based solutions. The financing will be designed to catalyse systemic and sustainable changes in market systems and de-risk investment opportunities. The financial support to the private sector will be complemented by the provision of TVET programmes related to renewable energy and green skills. The intervention will seek to consolidate established collaboration with EU MS, with a view to scale-up the proposed Action with additional funding from EU MS. Given the very large investment needs across the country, the Action will also address some of the key challenges to development finance institutions (DFIs) investments in Somalia in the medium term and emphasise on the investment opportunities in Somalia in green energy. Preferred values chains for the Action will be livestock, sesame, and fisheries, although additional value chains in the circular economy could be considered. The action is aligned with Priority Area 2 (Inclusive and green economic growth) and Priority Area 3 (Resilience building and social inclusion) of the MIP, and is a key component of the TEI on the EU Green Deal in Somalia and a contribution to the Great Green Wall Initiative Accelerator, namely its Pillar 1 (Green value chains and farmers¿ support) and Pillar 3 (Climate resilience and renewable energy).In summary, the activities of the action will be implemented in support of the EU Global Gateway (GG) Strategy. Specific priorities of the GG will be supported to realize achievement of the specific objectives of the action in the areas of accelerating the green transition, that is, increasing access to affordable, reliable, sustainable energy (green); supporting market integration; accelerating sustainable growth and decent job creation by supporting sustainable Somali agri-food systems; creating a conducive environment for sustainable private investments; enhancing investments in support of green energy production that supports agri-food and fish processing; facilitating innovation; and boosting improved nutrition.

Texte publié par le bailleur. Il décrit une intention au moment de l’approbation, pas un résultat obtenu.

Calendrier

Début déclaré

3 août 2023

Clôture prévue

19 novembre 2029

Durée prévue

76 mois

50 % de la durée prévue est écoulée. C’est une mesure du temps, pas de l’avancement des travaux : celui-ci figure dans les rapports d’avancement officiels.

Financement

Budget déclaré dans la devise du bailleur, sans conversion.

Place de l’énergie

40 % du projet relève des secteurs de l’énergie, selon la ventilation déclarée par le bailleur. L’énergie en est une composante.

• Production d’énergie, sources renouvelables, multiples technologies 40 %
• Code CAD 11120 35 %
• Code CAD 25030 14 %
• Code CAD 31120 11 %

Thèmes

• Accès à l’électricité et électrification (Électrification en Somalie) : « off-grid » figure dans l’objectif officiel.

Documents officiels

Aucun document publié dans les données ouvertes pour ce projet.