GET.invest joins engage to accelerate clean energy financing and project structuring
This week at the 2nd Africa Climate Summit, the African Union (AU), the European Union (EU) and Germany have launched two flagship programmes to accelerate Africa’s energy access and just transition. The Continental Energy Programme in Africa (CEPA), funded by the EU, and ENGAGE – Engaging for Africa’s Green Energy Transition, funded by Germany, aim to promote the implementation of the African Single Electricity Market and the Continental Power Systems Masterplan. Both initiatives are key elements of the AU Agenda 2063 designed to create a fully integrated, cross-border electricity market across all AU Member States.
GET.invest is proud to contribute to ENGAGE. Through ENGAGE, Germany is combining the expertise of several programmes that have a long track-record in supporting African energy infrastructure development on a continental, regional and political level. This includes the multi-donor platform GET.pro which hosts the Secretariat of the Africa-EU Energy Partnership (AEEP), GET.invest and GET.transform.
Under the ENGAGE programme, GET.invest will work with the African Union and the European Union to accelerate the implementation of priority projects from the Continental Power Systems Masterplan, by structuring projects towards investment-readiness for further technical assistance, guarantees, and financing. Support will include transaction advisory services, financial structuring, and access to appropriate sources of finance, building on a track record of advising more than 600 projects and companies.
ENGAGE and CEPA build on successful AU–EU collaboration, marking 25 years of partnership this year. Together, they form part of the Africa–EU Green Energy Initiative under the EU’s €150 billion Global Gateway package. By supporting cross-border power trade and renewable energy scale-up, the two new programmes are set to help drive climate-smart growth, strengthen energy security, and advance Africa’s sustainable industrialisation.