PARTNERSHIPS FOR THE SDGs
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U.S.-Africa Clean Energy Finance Initiative
Description/achievement of initiative

We want to drive private sector investment into the energy sector. We plan to use an initial $20 million grant fund to leverage much larger investment flows from OPIC. That will open the door then for hundreds of millions of dollars of OPIC financing, plus hundreds of millions of more dollars from the private sector for projects that otherwise would never get off the drawing board.

(Statement made by Secretary of State Hillary Rodham Clinton at the U.S..-Africa Clean Energy Finance Initiative Launch, June 22, 2012 RioCentro at Rio De Janeiro, Brazil. Available at: Clinton at Launch of U.S.-Africa Clean Energy Finance Initiative)

Implementation methodologies

We plan to use an initial $20 million grant fund to leverage much larger investment flows from OPIC. More information could be found at:

Secretary Hillary Clinton and OPIC's Elizabeth Littlefield Announce the U.S.-Africa Clean Energy Finance Initiative

Arrangements for Capacity-Building and Technology Transfer

Coordination mechanisms/governance structure

Partner(s)

United States Government entities the State Department, OPIC, and the U.S. Trade and Development Agency.
Updates to initiatives
Financing (in USD)
20,000,000 USD

SMART
This initiative does not yet fulfil the SMART criteria.
Action Network
Updates
Basic information
Time-frame: -
Partners
United States Government entities the State Department, OPIC, and the U.S. Trade and Development Agency.
Countries
Contact information
United Nations