West Africa: Best clean energy entrepreneurs to be honoured
10 October 2013
Clean energy entrepreneurs - The Sustainable Energy Fund for Africa (SEFA), a multi-donor initiative administered by the African Development Bank (AfDB), will participate in the West Africa Clean Energy Finance Forum (WAFCEF) which will honour the best entrepreneurs identified during the year, 2013, in the region.
According to an official statement, received by PANA here Friday, the finalists will be identified by co-sponsors of the event, including the Private Financing Advisory Network (CTI PFAN) and the Regional Clean Energy Investment Initiative (RCEII) of the US Agency for International Development (USAID).
Other co-sponsors are the ECOWAS Regional Centre for Renewable Energy and Energy Efficiency (ECREEE), West African Development Bank (BOAD), and the African Biofuels and Renewable Energy Company (ABREC).
The West Africa Clean Energy Finance Forum (WAFCEF) will take place on 8 October as part of the ECOWAS Renewable Energy Investment Week that will run from 8-10 October in Accra, the Ghanaian capital.
The Forum is the final stage of a business plan competition, launched in March 2013 by the partners. The contest entails the presentation of five to 10 qualified project sponsors that will have the opportunity to present their business plans to potential investors and make a pitch for financing. The statement said the goal is to identify the most promising business ideas and unlock renewable energy and energy efficiency investment in West Africa.
The Forum will bring together entrepreneurs, companies, investors and venture capital funds, among other relevant stakeholders, with the objective of facilitating investment mobilization across the sector in the ECOWAS region. An expert panel, including investors, industry specialists and business executives interested in sustainable energy projects in West Africa will select three projects for the WAFCEF Awards.