Consideration of funding proposals – Addendum IV Funding proposal package for FP168

The LEAF Framework is a US$ 959.9 million initiative led by the African Development Bank (AfDB) to expand access to solar home systems, green mini-grids, and commercial and industrial (C&I) solar solutions across six African countries. The program seeks US$ 170.9 million from the Green Climate Fund (GCF) to provide concessional partial credit guarantees, subordinated debt, and technical assistance to de-risk the DRE sector and mobilize local currency financing. Expected impacts include the installation of 386MW of generating capacity, the reduction of 28.8 million tCO2e over the systems' lifetimes, and providing green energy solutions to 1.18 million households and businesses.

• The LEAF Framework aims to establish 386MW of generating capacity through off-grid renewable energy solutions, which is expected to result in approximately 28.8 million tCO2 emission reductions over the lifetime of the systems.
• The program targets providing green, reliable energy solutions and productive use appliances to 1.18 million households and businesses.
• Total financing for the program is estimated at US$ 959.9 million, with the GCF requested contribution of US$ 170.9 million consisting of a US$ 10.9 million grant, an US$ 80 million loan, and an US$ 80 million guarantee.
• The program focuses on six countries: Nigeria, Kenya, Ghana, Tunisia, Ethiopia, and Guinea, based on their market potential for renewables and the AfDB's project pipeline.
• A primary objective of the framework is to overcome market barriers by unlocking local currency debt and de-risking the DRE space through guarantees and subordinated debt to attract commercial investors and local financial institutions.
• The framework includes a technical assistance (TA) component to build the capacity of approximately 20 local financial institutions (LFIs) to assess and finance DRE projects and to support governments in creating enabling policies.
• The program identifies significant gender gaps in the DRE sector and aims to benefit 2.95 million women, create 15,600 jobs for women, and increase the share of female customers to 35% (approximately 413,000 women).
• The framework addresses the impact of the COVID-19 pandemic through a dedicated component providing concessional debt to DRE businesses via the COVID-19 Off-grid Recovery Platform to ensure business continuity.
• The program will conduct country-level adaptation assessments to determine the link between energy access and climate resilience, as the specific adaptation impacts cannot be quantified at the proposal stage.
• The Independent Technical Advisory Panel (TAP) rated the program's impact potential, paradigm shift potential, sustainable development potential, and needs of the recipient as 'High'.

APA

Green Climate Fund (2021). Consideration of funding proposals – Addendum IV Funding proposal package for FP168. https://www.greenclimate.fund/sites/default/files/document/gcf-b29-02-add04.pdf

Chicago

Green Climate Fund. Consideration of funding proposals – Addendum IV Funding proposal package for FP168. 2021. https://www.greenclimate.fund/sites/default/files/document/gcf-b29-02-add04.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Consideration of funding proposals – Addendum IV Funding proposal package for FP168 |date=7 June 2021 |url=https://www.greenclimate.fund/sites/default/files/document/gcf-b29-02-add04.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2021consideration, author = {{Green Climate Fund}}, title = {{Consideration of funding proposals – Addendum IV Funding proposal package for FP168}}, institution = {Green Climate Fund}, year = {2021}, month = jun, url = {https://www.greenclimate.fund/sites/default/files/document/gcf-b29-02-add04.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }