ESRES launches the Somaliland Renewable Energy Fund (SREF) Window 1 on 24-25 April 2019 in Hargeisa, Somaliland
The Energy Security and Resource Efficiency in Somaliland Programme (ESRES) promotes green growth and poverty reduction in Somaliland through increasing access to more affordable and reliable renewable energy services. During the period 2015-2018, ESRES invested in six hybrid mini-grids throughout Somaliland
ESRES will expand its investment in renewable energy through the Somaliland Renewable Energy Fund (SREF). SREF will provide support through various funding windows for the promotion of renewable energy. As a social investor, ESRES is seeking a social return to its investments and expecting increased affordability (lower tariffs) and accessibility (more connections).
ESRES is now launching the SREF – Window 1 – hybrid mini-grids to invest in established Energy Service Providers (ESPs) in Somaliland. ESRES will provide grants as a social investor in renewable energy generation capacity, distribution system improvements, and customer connections. SREF Window 1 grant applications can be between USD 200,000 ¬and USD 3 million.
The Launch Event will take place on 24-25 April 2019 in Hargeisa, Somaliland. ESRES expects Somaliland ESPs, local and international equipment and service suppliers, and other interested parties to attend the Launch Event.
Participants need to register for their participation. ESRES has prepared a detailed information package that can be accessed under ESRES2 - SREF. The registration deadline is 12th April 2019.