ASCENT-GREEN project
INTERNATIONAL CLIMATE FINANCING
Resilient Energy Access for Inclusive Development (ASCENT-GREEN)
| Project Name | ASCENT-GREEN: Resilient Energy Access for Inclusive Development |
|---|---|
| Accredited Entity | International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA) |
| Year of Approval | 2026 |
| Duration | 7 years |
| Sector | Energy |
| Amount | 695 million USD |
| Geographic Scope | Regional — 21 Eastern and Southern African countries |
| Climate Use | Transversal |
| Contents | The main objective of the programme ASCENT-GREEN: Resilient Energy Access for Inclusive Development is to universalize access to clean electricity and sustainable cooking technologies for more than 40 million people in 21 countries in East and Southern Africa, integrating the Global Mission 300 initiative. Through a mixed funding platform of about US$ 695 million — colluded by the World Bank and the Green Climate Fund — the project aims to unlock private investments in the Distributed Renewable Energy (DRE) sector by providing affordable loans and exchange-rate and credit risk mitigation mechanisms. By focusing on institutional training and support for small local businesses, the initiative will promote inclusive and resilient development in rural households, fragile contexts and women-led businesses. |
