Agreements Worth NOK 248 Million Will Contribute to More Renewable Energy in Developing Countries
Norway enters into agreements with 27 different projects. This includes both Norwegian and international companies.
– Supporting companies and organisations working on renewable energy and clean energy solutions in developing countries is a win-win situation. This is important in order to reduce poverty and for us to achieve the global climate targets. I hope that these investments will help secure clean energy supplies, as well as creating new jobs and opportunities for economic growth in developing countries, says Åsmund Aukrust, Norwegian Minister of International Development.
The business support scheme for renewable energy in developing countries is managed by Norad and the call for proposals is published annually.
– Supporting businesses in the early phase is a sensible use of aid funds. The support has been crucial for several major investments that have taken place. There is significant potential for investments and we hope that more private-sector stakeholders decide to invest in developing countries, says Bård Vegar Solhjell, Director General of Norad.
The business support scheme provides funding for companies in renewable energy, energy supply or other clean energy solutions and is an important contributor to Norway’s efforts to stimulate the business sector to invest in renewable energy in developing countries. In the 2024 allocations, Norad, which administers the scheme, has awarded a total of NOK 248 million in funding to a total of 27 projects. Funding has been allocated to solar, wind, hydropower and clean stove projects in countries such as Zambia, Nigeria, Malawi, Cameroon, Uganda, Senegal, South Africa, Indonesia and Nepal.
The funding has already been announced at regjeringen.no and the agreements have now been entered into.
The following have been awarded funding following the 2024 call for proposals:
Stakeholder: ARBAFLAME AS
Application: Biocarbon for the metallurgical industry
Awarded NOK: 8,400,000
Stakeholder: Differ Community Power
Application: A Circular Approach to Extending the Life of Solar PV Systems in Malawi Awarded NOK: 2,000,000
Stakeholder: EMPOWER NEW ENERGY AS
Application: De-risking renewable energy in Africa through feasibility and training Awarded NOK: 5,000,000
Stakeholder: KUBE ENERGY AS
Application: Renewable Energy in Fragile States
Awarded NOK: 3,620,000
Stakeholder: MAGNORA ASA
Application: Magnora South Africa Strategic Development Portfolio
Awarded NOK: 10,000,000
Stakeholder: Norwegian renewables
Application: 2024 Feasibility Grant – NEWCO
Awarded NOK: 15,000,000
Stakeholder: RELEASE SOLAR AS
Application: Release Africa - PV and battery storage for utilities
Awarded NOK: 15,000,000
Stakeholder: Total / SN Power
Application: Mpatamanga hydropower project
Awarded NOK: 30,000,000
Stakeholder: Scatec ASA
Application: Southern Africa Power Enhancement Projects - South Africa
Awarded NOK: 15,000,000
Stakeholder: Norsk Vind Energi AS
Application: Makambako wind farm
Awarded NOK: 8,000,000
Stakeholder: Serengeti Energy Limited
Application: New Africa Power Zambia Feasibility studies
Awarded NOK: 2,100,000
Stakeholder: South Africa Mainstream Renewable Power Developments
Application: Mainstream RSA Renewable Energy Projects Application 2024
Awarded NOK 15,000,000
Stakeholder: WeLight Madagascar
Application: WeLight MetroGrid
Awarded NOK: 1,601,855
Stakeholder: Industrial Promotion Services (Kenya) Ltd (IPS)
Application: Ruzizi 3 Hydropower Project
Awarded NOK: 20,000,000
Stakeholder: Africa GreenTec Électrification Rurale SARL
Application: Feasibility Studies for Green-Mini-Grids
Awarded NOK: 1,180,510
Stakeholder: ENGIE Afrique
Application: MySol Academy
Awarded NOK: 7,933,440
Stakeholder: ENGIE Energy Access Nigeria
Application: Solar Mesh Grid - Nigeria
Awarded NOK: 2,631,172
Stakeholder: Havenhill Synergy Limited
Application: Feasibility study for electrification of healthcare facility
Awarded NOK: 3,000,000
Stakeholder: Humanitarian Energy PLC
Application: (Em) Powering 12,000 refugees in Ethiopia
Awarded NOK 1,002,737
Stakeholder: Nuru Société par Action Simplifiée Unipersonnelle (SASU)
Application: Feasibility Studies for Solar Metrogrids in DR Congo
Awarded NOK: 1,496,536
Stakeholder: NewAfrica Clean Energy (Pty) Ltd
Application: Makhado Bioenergy, Limpopo
Awarded NOK: 10,000,001
Stakeholder: Butwal Power Company Limited
Application: Establishment of 200-kw green hydrogen power plant
Awarded NOK: 1,000,000
Stakeholder: Sustainable Energy Group (Pty) Ltd
Application: Sustainable Energy Assets- African Biogas and Landfill gas platform
Awarded NOK: 14,000,000
Stakeholder: Gridworks Development Partners
Application: Amari Power Transmission - Uganda
Awarded NOK: 25,000,000
Stakeholder: Virunga Power Holdings Limited
Application: Weza Power – Developing Burundi’s First Energy Distribution PPP
Awarded NOK: 8,000,000
Stakeholder: Berkely Energy Cameroon Corporation
Application: Mungo Falls Hydro Project in Cameroon
Awarded NOK: 10,000,000
Stakeholder: Fronitier Investment Managment ApS
Application: Diversified Renewable Energy Portfolio Malawi
Awarded NOK: 10,000,000