Portuguese Energy Company EDP Announces Third Edition of the A2E Fund for Clean Energy Projects in Five African Countries

  • Portuguese energy company EDP announced  that it would go ahead with the third edition of the A2E Fund, providing €500,000 to finance clean energy projects in five African countries namely; Mozambique, Nigeria, Malawi, and, for the first time, Angola and Rwanda.

The A2E Fund guarantees financial support of between €25,000 and €100,000 for each project. As in previous editions, the program’s five priority areas are education, health, agriculture, business, and community. Evaluation criteria include social impact, partnerships, sustainability, scalability, and financial viability.

The application window started on Thursday, 26 November and will run until the 10th January 2021. The results will be known in April 2021 and the organisers of the applications will then have to implement the projects within a year.

The regulations and more information about the third edition of the A2E Fund are available here.

With this renewal of the A2E Fund, “EDP reaffirms its commitment to sustainability and the fight against energy poverty, which still affects more than a billion people,” the company said.

Author: Bryan Groenendaal

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