North African countries are richly endowed with solar and wind energy resources. Governments in the region have set ambitious targets for renewable energy deployment, with favourable policy conditions and increasing private sector involvement driving rapid solar and wind development.
Renewable energy targets are prominent in the climate pledges of North African countries. Renewables represent 34% of expected power sector investments across the Middle East and North Africa in the five years until 2023, with North Africa alone representing more than half of those investments.
Governments of the region recognize the role of renewables in the region’s sustainable energy transition as they are considered within the broader framework of socio-economic development of the region, with ripple effect of renewables deployment throughout society by economic growth and diversification, job creation, improved balance of trade and energy security.
The North Africa Investment Forum aims to scale up renewable energy investments in the region, support project development and implementation, and contribute to the creation of policy and regulatory frameworks conducive to renewable energy investments.
The regional forum is part of IRENA’s contribution to the Climate Investment Platform (CIP), which aims to advance sustainable energy projects to investment maturity and facilitate their access to finance.
Key forum activities include matchmaking between projects, project developers, and potential financiers and investors. Renewable energy projects, along with renewable-based electricity grid and energy efficiency projects, may be considered for support.
Submit a Request to obtain support for project development and/or access to finance for a renewable energy project in North Africa.
Once registered, you will receive updates on the next Investment Forum in Southeast Asia, other CIP events and related activities in your cluster.