Case Study: Energy and Digital Financing in Burkina Faso
3:45 PM - 4:30 PM
Room Edmond Dune - second floor

The Renewable Energy Fund for Resilience in Burkina Faso (FERR-BF), launched in 2019, aims to strengthen the economic resilience and adaptation to climate change of the most vulnerable by promoting access to sustainable and clean energy solutions. This fund, created by UNCDF with the support of the government of Burkina Faso and funding from the Luxembourg Ministry of Environment, Climate and Sustainable Development, has 16 partners, including 10 private energy service companies, two microfinance institutions, a fintech and three incubators in Burkina Faso. The solutions supported by the fund are specifically designed for productive, income-generating uses. Their development has been accelerated by innovative business models and digital Pay-as-you-Go financing solutions that cover needs in renewable energy for irrigation, food processing and storage. All these solutions and rural electrification play a significant role in food security. In this session, the UNCDF representative in Burkina Faso will present the approach taken by the project to monitor and collect the results of its activities which close at the end of 2023. The cases presented illustrate the market development approach of the Fund, which contributed to the expansion of the renewable energy ecosystem in Burkina Faso.

Eldianwa Janine OUATTARA Vincent WIERDA