Infrastructure
Adequate access to essential infrastructure like energy, water, telecoms, waste management and transport is crucial for both the well-being of the population and sustainable economic growth in developing countries, which are facing a volatile global environment. Despite growing regulatory and political challenges, there are significant opportunities in renewable energy financing, driven by the growing demand for cleaner energy. The potential of smaller-scale independent power producers in Africa offers promising prospects.
To navigate these challenges and meet the goals of the new management contract, BIO's Infrastructure department needs to use all its expertise, as well as actively seek co-financing partnerships with other DFIs to leverage resources and additional know-how. Streamlining internal processes for quicker project approvals is also key. Lastly, advocating for policy changes in partner countries that encourage more private sector involvement in renewable energy is essential for long-term, sustainable infrastructure development.
This brings the total number of approved infrastructure projects to 14, totalling EUR 131.1 M – with infrastructure funds accounting for an additional 12 projects, totalling EUR 96.8 M.
Total approved commitments on 31/12/2024
2024 investments in infrastructure
BIO has granted a USD 12 M loan to Achwa 1, a 42 MW run-of-river hydropower plant in Uganda.
BIO has granted a USD 9M loan to candi solar, a company installing, owning and operating solar production plants and selling electricity to clients in India and South Africa.