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renewAfrica 2 nd meeting of the signatories January 28 th 2020 Advancing EU Commitment to deliver RES Investments in Africa 1 Advancing European Commitment to Africas Clean Energy Access at scale 13:30 Mr. Antonio Cammisecra, President SC

  1. renewAfrica 2 nd meeting of the signatories January 28 th 2020 Advancing EU Commitment to deliver RES Investments in Africa 1

  2. Advancing European Commitment to Africa’s Clean Energy Access at scale 13:30 Mr. Antonio Cammisecra, President SC renewAfrica; President RES4Africa Foundation 2

  3. Africa's growth is asking for energy Africa is the second most inhabited region globally, after Asia. It is the world’s fastest growing continent in demographic terms By 2030, more than 50% of the Africa's population will be living in cities African economic growth is projected to accelerate to 4% and 4.1% in 2019 and 2020 respectively, but it remains insufficient to address structural challenges Progress in access to electricity is expected throughout the world, but Sub-Saharan Africa lags behind. In 2030, over 600 million people in Africa will be living without access to electricity (36% of the population) Driven in large part by demographic and urbanization trends, energy demand is expected to increase faster than anywhere else globally (at 2.1% per annum) renewAfrica 28 Jan 2020 2 ° Signatories meeting, Brussels 3

  4. Global RES capacity more than doubled over the past ten years, but Africa is lagging behind Global Installed RES generation capacity … with Africa accounting only for 2% of the total (GW) has more doubled in the last decade … installed capacity 2.705 3.000 Δ 2009-19: 25 + 1.477 GW 2.500 1.264 2.000 1.228 58 1.500 22% 12 260 412 1.000 26 704 161 500 384 394 233 0 7% 2009 2019E Middle North America Europe Latin America East 58% 11% 2% Africa Asia Pacific Middle East 1% Source: IEA – WEO 2018, New Policies Scenario; United Nations – Population Division; EGP Analysis renewAfrica 28 Jan 2020 2 ° Signatories meeting, Brussels 4

  5. Bridging Africa’s energy gap will require additional RES capacity and private sector investment RES GW installed in Africa Investments in RES Generation Capacity 118 GW Hydro of additional RES Wind Onshore 118 capacity needed in Africa Solar PV [VALUE] until 2030 Geo Bioenergy 42 2017 Additional 2030 € 140 billion RES Capacity Most of the investment needed Source: Enerdata, BNEF Note: Pump capacity not included must come from the private sector renewAfrica 28 Jan 2020 2 ° Signatories meeting, Brussels 5

  6. Africa is ready for energy Population Urban Demand Land RES growth concentration growth availability potential … but it is still missing: Sustainable bankable An enabling Adequate financing project development regulatory framework support renewAfrica 28 Jan 2020 2 ° Signatories meeting, Brussels 6

  7. Why should Europe invest in RE in Africa? LEADERSHIP IN RENEWABLE SECTOR ELECTRICITY FRUGALITY GEOGRAPHIC PROXIMITY RES POTENTIAL AND FINANCING AVAILABILITY ECONOMIC GROWTH ENVIRONMENTAL AND SUSTAINABILITY CHALLENGES

  8. There is a significant number of EU RE Support Programs in Africa… A gap analysis was carried out to understand and map the 75 existing initiatives and support Over 75 existing EU mechanisms. Support Programs 17 of them are significant, but only: 35% 29% 40% 20% Only Are available in Are technology Comprehend at Offer an 17 significant all African neutral least one risk aggregated countries mitigation package of mechanism guarantees & insurances renewAfrica 28 Jan 2020 2 ° Signatories meeting, Brussels 8

  9. …but none of them cover simultaneously all major investments risks… Level (%) of coverage by main area Legal / Regulatory None of the 17 analyzed Framework instruments cover all tipical risks. Envionmental and Risks Affecting Social Issues Revenues The legal , regulatory and political framework is the most 60% 40% 20% uncovered risk. 80 % 100% Risks Affecting EIP and Scaling Solar programs, Risks Affecting Construction and over-performed regarding the Financial Structuring Operational Costs risk mitigation mechanisms offered. 17 Instruments Scaling Solar EIP renewAfrica 28 Jan 2020 2 ° Signatories meeting, Brussels 9

  10. …nor do they provide equal support throughout all investment phases the most uncovered areas Preparation Bid Documents Tender Process Award Final Agreements Construction and O&M Phase Legal, Tender Loan, technical Bidder Proposal Construction, information insurances, Milestone and consultation review commissioning, & PPA, economic RFP signing O&M documents guarantees analysis Level of 100% 29% 65% 41% 18% support perceived renewAfrica 28 Jan 2020 2 ° Signatories meeting, Brussels 10

  11. An innovative EU Support Programme for RE investments in Africa is needed to… Facilitate high-level Provide financial support Promote capacity dialogue with governments and risk mitigation tools building and authorities and knowledge transfer Set the stage for Design structured tender Cover more African the right investment processes and standardized countries and environment documentation technologies renewAfrica 28 Jan 2020 2 ° Signatories meeting, Brussels 11

  12. renewAfrica aims to be an impactful RE EU Support Programme that: Is a gamechanger in scaling up access to RE at a transformative scale across the African continent Addresses all the identified market gaps and build on best practices Creates a comprehensive one-stop-shop EU Programme for RE support

  13. renewAfrica is backed by 25 international stakeholders coming from 9 countries and 5 EU-level bodies Finance Think Tanks and Consulting firms Independent Power Producers Industry Associations Manufacturers renewAfrica 28 Jan 2020 2 ° Signatories meeting, Brussels 13

  14. The EC and renewAfrica share a common vision It is time for action! New European Green Deal A stronger Europe in the World …and also boost European Industry and Innovation renewAfrica’s overarching goals are in Africa sustainable development, job line with the new creation and industrialization European Commission agenda SDGs: Closing the energy access gap & Climate action renewAfrica 28 Jan 2020 2 ° Signatories meeting, Brussels 14

  15. Ms. Ditte Juul-Jørgensen Director General ENER 15

  16. Mr. Mauro Raffaele Petriccione Director General CLIMA 16

  17. Mr. Koen Doens Director General DEVCO 17

  18. Mr. Birgitte Markussen Deputy Managing Director for Africa EEAS 18

  19. renewAfrica 2 nd meeting of Signatories Mr. Roberto Vigotti, Secretary General RES4Africa Foundation 19

  20. Agenda of the meeting 14.15 renewAfrica mission as a part of the European Green Deal Progress update: renewAfrica is ready for implementation Mr. Roberto Vigotti, RES4Africa Foundation The common vision and desired outcomes Ms. Paloma Perez de Vega, European Investment Bank Proposed timeline and reaffirming our signatories’ commitment Mr. Jon Lezamiz, Siemens Gamesa Q&A Session Ms. Josefina Stubbs, RES4Africa Foundation 15:45 Wrap-up and the common way forward Mr. Alejandro Ulzurrun, DG ENER, Mr. Stefano Signore, DG DEVCO , Mr. Roberto Vigotti, RES4Africa Foundation 28 Jan 2020 renewAfrica 2 ° Signatories meeting, Brussels 20

  21. renewAfrica: our progress so far 14:15 Roberto Vigotti, Secretary General RES4Africa Foundation 21

  22. renewAfrica signatories represent all segments of the European energy value chain… Finance Think Tanks and Consulting firms Independent Power Producers Industry Associations Manufacturers renewAfrica 28 Jan 2020 2 ° Signatories meeting, Brussels 22

  23. …and have worked together in the last months to ensure renewAfrica a constant pace of progress … while the Secretariat led the effort of A Steering Committee elected in July 2019 dedicated Working Groups to build the has provided strategic guidance … Programme Secretariat coordinating through dedicated representatives Working groups (WGs) Steering Governance RE Promotion and Committee’s Drafting Policy Dialogue composition Advocacy and Technical Positioning Assistance Independent Power Producers Financial Support Capacity Building renewAfrica 28 Jan 2020 2 ° Signatories meeting, Brussels 23

  24. A blueprint of the Programme has been set up and is ready for implementation WG 1 – Governance WG 2 – Advocacy and WG 3 – Capacity drafting positioning building Application to existing EU Preliminary plan of activities to List of essential skills for job instruments for funds to start- be implemented in Brussels to creation and de-risking of all up renewAfrica engage the new Commission project phases WG4 – RE Promotion WG 5 – Technical WG 6 – Financial and Policy Dialogue assistance support List of financial instruments First draft of criteria for target Implementation-ready template available in the market, and country prioritization of technical assistance activities gaps that need to be bridged renewAfrica 28 Jan 2020 2 ° Signatories meeting, Brussels 24

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