Accelerating Sustainable Energy development through smarter, faster financing.
Everest Energy shared its exciting new approach to increase the use of Renewable Energy in developing countries with global leaders at the Sustainable Energy for All Forum. The theme of the Forum was “Going Further, Faster – Together” and it was structured as a marketplace of ideas to broker new partnerships, spur investment and drive action towards sustainable energy and realizing Sustainable Development Goal 7. With its new financing tools and its recently launched partnership in East Africa, Everest Energy has a role to play.
In many regions around the world biomass is a viable and sustainable feedstock for producing energy. Unfortunately, despite these abundant feedstocks and available international funding opportunities, many bio energy projects fail to attain project finance therefor never get started. This is a missed opportunity for these countries to develop their agriculture sector, generate good jobs and reduce their CO2 emissions.
Project Finance is often limited by:
Everest Energy is a leader in economic structuring of sustainable energy projects in emerging markets. During the SEforALL Forum, Everest Energy hosted a side event to introduce the Technical Assistance and Development Support tool (TADS) to the global Sustainable Development, Renewable Energy and Climate Change Mitigation community. TADS is a novel – partially automated – advisory tool that accelerates project finance structuring, while offering paths towards higher profit margins and more stable investment returns for investors.
More information: https://www.youtube.com/watch?v=w_qOspXNnso.
SusInc – Putting TADS to work in East African
During the side event, Pjotr Schade (Everest Energy CEO) described SusInc, which is a Nairobi-based renewable energy project accelerator in which TADS is being used to bridge the gap between sustainable development and finance. SusInc is a public private partnership consisting of Everest Energy, Strathmore University and the Kenya – Climate Innovation Centre with the support of SEforAll and the Government of the Kingdom of the Netherlands. SusInc leverages these partnerships to engage regional and international financial institutions and provide the greatest value to its clients. In addition, the collaboration facilitates trainings and advanced education with corporate and managerial support. Through these combined efforts SusInc is helping Kenya and the region achieve its sustainable development goals, including economic growth, rural development, knowledge transfer and the reduction of CO2 emissions.
The Sustainable Energy for All initiative was launched in 2011 by United Nations Secretary-General Ban Ki-moon, who now chairs its Advisory Board with World Bank Group President Jim Yong Kim. Its Advisory Board comprises distinguished leaders and experts from around the world who have pledged to act on this vision of a sustainable energy future. The initiative is supported in its work by a global facilitation team led by Kandeh Yumkella, the UN Secretary General’s Special Representative for Sustainable Energy.
Sustainable Energy for All, a global coalition of governments, private sector, civil society, and international organizations, aims to deliver universal access to electricity and safe cooking solutions, while also doubling the amount of renewable energy in the global energy mix from its current share of 18% to 36%. The initiative also seeks to double the rate of improvement in energy efficiency, reducing the compound annual growth rate of energy intensity to –2.6%. It seeks to reach these targets by 2030.