The United Nations Development Programme (UNDP) will support the development of seven innovative financial aggregation models targeting a variety of clean energy solutions ranging from off-grid solar, mini-grids and e-mobility to clean cooking, across various East African countries.
These solutions were competitively selected as the winners of the UNDP Climate Aggregation Platform Financial Innovation Challenge, which was a global call for applications launched in July 2022 by the Climate Aggregation Platform (CAP), a UNDP initiative to promote the scale-up of financial aggregation for small-scale, low-carbon energy assets in developing countries. Funded by the Global Environment Facility, the CAP is a flagship initiative of UNDP’s Sustainable Energy Hub to support the structuring and deployment of innovative business models and financial mechanisms to accelerate energy access and the clean energy transition.