TDB Renewable Energy DealRoom is unveiled to fund energy projects
The Eastern and Southern African Trade and Development Bank (TDB) and Asoko Insight have launched the TDB Renewable Energy DealRoom.
The initiative - designed to accelerate the financing of renewable energy projects in the region served by TDB - is supported by the $415 million World Bank Regional Infrastructure Finance Facility signed with TDB in 2020, the first of its kind to be extended to a regional development bank by the World Bank’s International Development Association.
Through the facility, TDB will finance long-term infrastructure projects, particularly in renewable energy, including those of MSMEs in need of debt financing in the off-grid energy sector.
The impact sought via TDB’s renewable energy initiatives includes: enhanced security of energy supply, access to clean electricity and job creation, especially in underserved communities; alleviation of energy bills; and, reduced greenhouse gas emissions – in line with the Paris Agreement, SDGs and Agenda 2063.
