Project profile — Energy Access Relief Fund (EARF)



Overview 

CA-3-P009804001
$28,000,000
Energy Access Relief Fund B.V.
2022-03-28 - 2025-08-04
Operational
Global Affairs Canada
MFM Global Issues & Dev.Branch

Country / region 

• Ethiopia (1.50%)
• Cambodia (0.95%)
• Sierra Leone (3.70%)
• Congo, Democratic Republic (3.25%)
• Zambia (2.60%)
• India (6.90%)
• Tanzania (0.10%)
• Mozambique (5.30%)
• Kenya (23.10%)
• Rwanda (2.55%)
• Malawi (3.23%)
• Zimbabwe (0.80%)
• Senegal (6.10%)
• Uganda (4.90%)
• Nigeria (4.00%)
• Liberia (0.30%)
• South of Sahara, regional (27.62%)
• Asia, regional (3.10%)

Sector 

• Energy Generation, Renewable Resources: Energy generation, renewable sources - multiple technologies (23210) (100.00%)

Policy marker 

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (principal objective)
• Participatory development and good governance (not targeted)
• Trade development (not targeted)
• Biodiversity (not targeted)
• Climate change mitigation (principal objective)
• Climate Change Adaptation (not targeted)
• Urban issues (not targeted)
• Desertification (not targeted)
• Children's issues (not targeted)
• Youth Issues (not targeted)
• Disaster Risk Reduction(DRR) (not targeted)
• Indigenous Issues (not targeted)
• Disability (not targeted)
• Nutrition (not targeted)
• ICT as a tool for development (not targeted)

Description 

The Energy Access Relief Fund (EARF) aims to help the off-grid energy sector in Africa and Asia to safeguard its progress towards greenhouse gas (GHG) emissions mitigation, reduce the economic impact of COVID-19, and rapidly recover from the current crisis by providing access to emergency relief funding. The EARF is a concessionary debt fund intended to provide renewable energy access companies with vital financial liquidity during the crisis induced by the COVID-19 pandemic, in the form of short-term loans. Project activities include: (1) maintain the emission reductions already achieved by the off-grid energy sector; and (2) position energy access companies to extend emission reductions to other clients beyond the crisis. EARF will provide much-needed financial liquidity to off-grid, renewable energy companies that may otherwise have to reduce their workforces or shut off access to energy for their customers. Clean energy access helps to create new jobs and increases incomes.

Expected results 

The expected outcomes for this project include: (1) continued access by male and female customers to clean, affordable energy solutions; (2) increased economic resilience ofenergy access companies and companies working in the clean cooking sector; and (3) maintained level of GHG emissions reductions.

Results achieved 

Results achieved as of December 2023 include: (1) 1.3 million households reached and provided with off-grid renewable energy or clean cooking services; (2) 23,040 full-time jobs provided, comprising 8,008 (or 35%) female jobs—an increase of 53% over the baseline of 2021; (3) 77% of companies receiving the Energy Access Relief Fund funds report having reached pre-crisis revenue levels as a result of this funding; and (4) 3.9 million tons of CO2e in greenhouse gas emissions avoided.

Budget and spending 


Original budget $0
Planned disbursement $0
Transactions
Country percentages by sector
Type of finance Reimbursable grant
Collaboration type Bilateral
Type of aid Project-type interventions
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