GET.invest launches Mozambique country window
29 November 2019 | It’s official: GET.invest has kick-started its first country window to support renewable energy projects and businesses in accessing finance. Specifically funded by the Delegation of the European Union to Mozambique and the German Ministry for Economic Cooperation and Development, the country window is part of the European Union’s PROMOVE ENERGIA programme in Mozambique – a comprehensive strategy to support access to sustainable and affordable energy in rural areas.
PROMOVE ENERGIA’s first phase, including the GET.invest country window, was launched on 20 November 2019. More than 100 key stakeholders of Mozambique’s renewable energy sector attended its inauguration, hosted by the Ministry of Mineral Resources and Energy in Maputo, with high-level speeches by representatives of the Ministry of Mineral Resources and Energy, the Ministry of Foreign Affairs and Cooperation, the Delegation of the European Union, the Embassy of the Federal Republic of Germany, and GIZ Mozambique.
Following the launch event, GET.invest embarked on its country window activities on 21 November 2019 with a dedicated private sector day for businesses looking to become active in renewables, jointly organised with the Energy and Environment Partnership Trust Fund (EEP Africa). More than 75 participants learnt about the support available from GET.invest and EEP Africa, as well as the business associations AMER and ALER. Brainstorming sessions around the focus of GET.invest activities in relation to market information, regulatory framework and support to business and project developers were followed by practical guidance on how to prepare successful applications for support and funding.
On the margins of the event, GET.invest’s partners AMER and SolarPower Europe signed a Memorandum of Understanding to strengthen the cooperation between the European and Mozambican industry.
Both the launch event and the private sector day marked a great start for GET.invest’s first country window. Activities will mirror those of the global GET.invest programme, with a focus on Mozambique. Currently, planning is ongoing for an Investment Forum 2020 in Maputo to mobilise investments for decentralised renewables. More to come soon…