Africa Renewable Energy Fund (AREF)

Category: Finance
Sub-Category: Grant Funding
User: Project Developers
Donors: African Biofuel and Renewable Energy Company (ABREC), African Development Bank (AfDB), Dutch Development Bank (FMO), ECOWAS Bank for Investment and Development (EBID), West African Development Bank (BOAD)
Donor Countries: Cote d'Ivoire, Multi-donor, Netherlands

Equity investments for small-to-medium renewable energy projects. The Project Support Facility provides early-stage grant funding.

Locations: Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Côte d'Ivoire, Democratic Republic of the Congo, Djibouti, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritania, Mauritius, Mozambique, Namibia, Niger, Nigeria, Republic of the Congo, Rwanda, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, South Sudan, Sub Saharan Africa, Sudan, Swaziland, Tanzania, Togo, Uganda, Zambia, Zimbabwe
On- or Off-Grid: Both

AfDB Regional Member Countries


Must be small/medium (5-50 MW) independent power projects from solar, wind, biomass, hydro, as well as some geothermal & gas technologies

Contact information:
Last updated: February 16, 2018

Last updated: June 04, 2020