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Accessing Africa's Renewable Energy Markets

Accessing Africa's Renewable Energy Markets

RECP Kick off event, Brussels

State 

completed

Date 

4 December, 2014

Country 

Belgium

Summary

This type of activity was part of the RECP start-up phase and is now being offered under the Service Line SEADS.

The Africa-EU Renewable Energy Cooperation Programme (RECP) hosted the event 'Accessing Africa’s Renewable Energy Market' at the Renaissance Brussels Hotel on the 4th of December 2014.

In Africa, energy demand is estimated to increase significantly over the next 30 years, and with its extensive renewable energy resources largely untapped, it presents attractive investment opportunities for European renewable energy companies confronted with stagnating domestic markets.

The RECP promotes market development for renewable energy in Africa in order to harness its potential. The programme supports European businesses in the African renewable energy markets from first contact to financial closure. Information about markets and financing opportunities, match-making activities with African business partners, in-country technical training, as well as policy advice to overcome regulatory barriers are part of the RECP’s integrated and coherent approach, in cooperation with European business associations.

To kick-start this joint effort, the RECP brought together European national business associations, export initiatives, business networks and Chambers of Commerce that represent the European renewable energy private sector. Representatives from Nigeria and Rwanda presented their experiences of working within their respective African contexts. RECP also offered insights into its scope of work, current activities and services, particularly with regards to fostering private sector cooperation and presented some success stories in the African renewable energy sector. 

The participants welcomed the support activities planned by the RECP, in particular its private sector cooperation and supporting role in accessing finance, and look forward to increasingly contribute to the realisation of Africa’s renewable energy business potential.

 

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