The Board of Directors of the African Development Bank Group has approved the Desert to Power G5 Sahel Financing Facility, covering Burkina Faso, Chad, Mali, Mauritania, and Niger. The Bank envisages to commit up to $379.6 million in financing and technical assistance for the facility over the next seven years.

The Desert to Power G5 Financing Facility aims to assist the G5 Sahel countries to adopt a low-emission power generation pathway by making use of the region’s abundant solar potential. The facility will focus on utility-scale solar generation through independent power producers and energy storage solutions. These investments will be backed by a technical assistance component to enhance implementation capacity, strengthen the enabling environment for private sector investments, and ensure gender and climate mainstreaming.

The facility is expected to result in 500 MW of additional solar generation capacity and facilitate electricity access to some 695,000 households. Over the lifespan of the project, it is expected to reduce carbon emissions by over 14.4 million tons of carbon dioxide equivalent.

The Board of the Green Climate Fund approved $150 million in concessional resources in October 2021 for the facility, which is expected to leverage around $437 million in additional financing from other development finance institutions, commercial banks and private sector developers. The Global Center on Adaptation is providing technical assistance to strengthen adaptation and resilience measures undertaken in the facility as part of the Africa Adaptation Acceleration Program in partnership with the African Development Bank.

The African Development Bank’s Vice President for Power, Energy, Climate Change and Green Growth, Dr. Kevin Kariuki said: “The innovative blended finance approach of the Desert to Power G5 Sahel Facility will de-risk, and therefore catalyze, private sector investment in solar power generation in the region. This will lead to transformational energy generation and bridge the energy access deficit in some of Africa’s most fragile countries.”

Dr. Daniel Schroth, the Bank’s Acting Director for Renewable Energy and Energy Efficiency, added: “The facility will also support the integration of larger shares of variable renewables in the region’s power systems, notably through the deployment of innovative battery storage solutions and grid investments.”

The facility will be implemented as part of the broader Desert to Power initiative, a flagship program led by the African Development Bank. The objective is to light up and power the Sahel region by adding 10 GW of solar generation capacity and providing electricity to around 250 million people in the 11 Sahelian countries by 2030.

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The Global Center on Adaptation (GCA) and the African Development Bank have launched a call for applications for the first edition of the African Youth Adaptation Solutions (YouthAdapt) Challenge.

The call encourages young entrepreneurs, innovators from micro, small and medium-sized enterprises (MSMEs) and other youth-led and youth-owned enterprises in Africa, to implement solutions for building resilience and adapting to the adverse impacts of climate change. Young entrepreneurs between the ages of 18 and 35 are invited to respond to the call for the expression of interest and submit their business plan through the official submission portal.

With a strong focus on youth and gender, winners of the YouthAdapt Challenge will be awarded business grants of up to $100,000 each and the opportunity to participate in a 12-month business accelerator program to help them scale up their businesses, deepen their impact and create decent jobs.  In addition, the winning youth-led enterprises will be provided with mentorship and support to expand partnerships, knowledge sharing and learning through a network of young entrepreneurs in climate adaptation.

The African Youth Adaptations Solutions Challenge is part of the ‘Empowering Youth through Jobs and Entrepreneurship’ pillar of the Africa Adaptation Acceleration Program (AAAP), a strategic partnership between the GCA and the African Development Bank aimed at galvanizing climate-resilient actions through a triple win approach to address the impacts of Covid-19, climate change and the economy.

The competition aims to leverage the resources, complementary expertise and networks of both organizations to support the ‘missing-middle’ of mid-sized companies in the areas of funding, thereby promoting sustainable climate adaptation and resilience practices on the African continent.

Announcing the YouthAdapt Challenge to a group of global leaders at the High-Level Dialogue: The Adaptation Acceleration Imperative for COP26 held in Rotterdam, Netherlands on Monday 6th September 2021, Patrick Verkooijen, CEO of the Global Center on Adaptation said: “Our vision is to empower one million young people in Africa with the financing and skills they need to pursue jobs and careers in climate adaptation. With this new challenge we aim to unlock the business opportunities in adaptation action by innovative youth-owned enterprises and prepare a new generation of African youth for the transition towards green and climate-resilient development.”

“The YouthAdapt Challenge will unleash the entrepreneurial drive and capacities of African youth to grow their businesses, address the continent’s pressing climate challenge and create decent jobs, building a more climate-resilient Africa”, said Akinwumi Adesina, African Development Bank’s President, affirming the Bank’s commitment to invest in the youth.

Twenty youth-led enterprises will be shortlisted at the end of the application window on 6th October 2021 and invited to submit videos for a jury panel review ahead of the finals and an award ceremony at COP26 in Glasgow on November 8, 2021. At this event, ten winners will be selected, 50% of which will be women-led enterprises.