Stockholm (NordSIP) – Swedfund, the Swedish institution for development finance, has announced its participation in the 19th annual Africa Energy Forum (AEF) to be held in Copenhagen from June 7-9. The event is designed to explore unique environments for energy capacity building and sustainable energy investment across the continent of Africa.
The AEF is being organised by Energynet, organizers of the global portfolio of energy forums and investment meetings focused specifically on power generation in Africa.
Together with 12 African Ministers of Energy & Infrastructure and the Danish Minister for Development Cooperation Ulla Tørnæs in attendance, African utilities will be represented by CEOs from Kenya, Ethiopia, Morocco, Mozambique, Ghana, SAPP, WAPP, APUA, Zimbabwe, Namibia and Tunisia in targeted country sessions together with international partners and the world’s “most prolific investors.”
Development Finance Institutions across the Nordics have confirmed their attendance. Denmark was chosen as an ideal location due to its record on sustainable energy. Swedfund’s attendance comes on the heels of Swedfund’s $13 Million investment in the Frontier Energy II fund, which focuses on small and medium-sized renewable energy projects primarily in East Africa.
“Access to sustainable energy is one of the key drivers to development. That is why Swedfund is committed to continue contributing to the expansion of clean energy in our countries of operation,” commented Gunilla Nilsson, Senior Investment Manager with Swedfund.
The Frontier Energy II, for example, focuses on wind, solar, hydro and geothermal projects in countries like Kenya, Uganda, Tanzania and Rwanda that have material deficits in terms of electricity production capacity together with a substantial level of unused potential renewable resources.
Helena Teppana, Associate Director of Finnfund, who will also attend the AEF event, explained: “Energy is playing a major role in the development of African countries. Both on-grid and off-grid solutions can create great opportunities and impacts in all levels of society – ranging from climate change mitigation to individual families gaining access to energy in their everyday lives. As an impact investor we strongly believe that investing in sustainable energy is both a good financial development and a cornerstone for development.”
Ministers and government officials are scheduled to address the conference on its inauguration the evening of June 6th, following a networking event in Copenhagen, one of the most energy efficient cities in the world.
“The global outpouring of commitment, willingness and cooperation to invest in Africa’s electricity sector has been magnified by the Forum being hosted in Copenhagen and the Nordic region,” says Simon Gosling, Managing Director of EnergyNet. It highlights the fact that Africa remains the world’s number one opportunity for investors, the world’s priority for international corporations looking at their bottom lines over the next 20+ years and the world’s most important partner for increasing global security. The fact that so many of the decision makers from all across Africa will be with us next month further highlights their commitments to make these partnerships work.”
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