Over USD 900 million mobilized to accelerate the clean energy transition at the 2025 SEforALL Global Forum
BRIDGETOWN, Barbados, March 17, 2025 /PRNewswire/ -- The SEforALL Global Forum has witnessed groundbreaking commitments totalling over USD 900 million to scale energy access and drive the clean energy transition. Moreover, key global partners announced initiatives aimed at accelerating clean energy investments and promoting sustainable development worldwide.
Major Commitments Announced
-- DRE Nigeria Fund (USD 500 million) The Nigeria Sovereign Investment
Authority (NSIA), Sustainable Energy for All (SEforALL), International
Solar Alliance (ISA), and Africa50 unveiled a USD 500 million
Distributed Renewable Energy (DRE) Fund to develop and finance
mini-grids, solar home systems, commercial and industrial power
solutions, and innovative energy storage technologies in Nigeria.
-- 'First Loss Equity' Fund (USD 250 million) Allied Climate Partners
launched a USD 250 million "first loss equity" fund to drive global
clean energy investment, alongside a dedicated USD 130 million fund
targeting the Caribbean, aimed at catalyzing and crowding in green
finance.
-- Results-Based Financing (RBF) (USD 20 million) The European Union, in
collaboration with UNOPS and SEforALL, committed USD 20 million in RBF
funding through the Universal Energy Facility (UEF) to deploy mini-grids
and electrify rural households in Sierra Leone.
-- ZE-Gen Fossil Fuel Generator Displacement (USD 12 million) The IKEA
Foundation pledged over EUR11 million to ZE-Gen, an initiative replacing
fossil fuel generators with renewable alternatives across sub-Saharan
Africa, South Asia, and the Indo-Pacific region.
-- e-Cooking Support and Scale-Up Programme (USD 3.5 to 5 Million) The
Middle East Green Initiative's "Forward7 Clean Cooking" program, in
partnership with the Global electric Cooking Coalition (GeCCo), Modern
Energy Cooking Services (MECS) and UK Aid announced funding to
accelerate clean cooking adoption in Sierra Leone, supporting the
country's Energy Transition and Green Growth Plan.
National and Regional Energy Initiatives Unveiled
-- Barbados Energy Transition and Investment Plan (ETIP) launched: Launched
by Prime Minister H.E. Mia Amor Mottley and Minister Lisa Cummins, in
collaboration with SEforALL, this roadmap aims for Barbados to achieve
net-zero by 2035.
-- Pakistan sets in motion plans to develop its Energy Transition and
Investment Plan (ETIP): SEforALL and the Government of Pakistan
announced a new partnership to develop a national energy transition
roadmap.
-- Formula E announces its intention to join Energy Compacts: The global
motorsport series committed to joining the Energy Compacts coordinated
by the United Nations and UN-Energy and supported by SEforALL.
-- GFANZ Caribbean Chapter launched: The Glasgow Financial Alliance for Net
Zero (GFANZ) introduced its Caribbean Chapter to mobilize private
capital and address local investment barriers.
-- Partnership to promote a just and equitable energy transition in Latin
America and the Caribbean: SEforALL and the Latin American Energy
Organization (OLADE) committed to strengthening policies, regulations,
and tariffs for a just and equitable energy transition in Latin America
and the Caribbean.
-- Africa renewable energy manufacturing financiers' collective unveiled:
SEforALL launched a new platform to connect financiers with
manufacturers, boosting green finance and supporting local renewable
energy production in Africa and Southeast Asia.
Winners of the 2025 Energy Heroes Awards Announced
The winners of the 2025 Energy Heroes Awards were announced at the SEforALL Global Forum. Seven winners from Africa, Asia-Pacific, Latin America and the Caribbean as well as Middle East and North Africa, were feted for their innovations revolutionizing the sustainable energy sector and their work in providing funding, technical capacity and technologies to accelerate the clean energy transition.
The 2025 winners are:
-- Deborah Fadeyi, Vectar Energy, Nigeria (Innovator)
-- The BRILHO programme, Mozambique (Changemaker)
-- Becool Indonesia, Indonesia (Innovator)
-- Mee Panyar, Myanmar (Changemaker)
-- Soluz Honduras, Honduras (Innovator)
-- Jorge Rivera Staff, Panama (Changemaker)
-- Youth 4 Sustainability, UAE (Innovator)
The SEforALL Global Forum held from 12-13 March in Bridgetown was co-hosted by SEforALL and the Government of Barbados and welcomed more than 1,300 people from over 70 countries.
The success of this sixth SEforALL Global Forum, held for the first time in Latin America and the Caribbean, demonstrates why this biennial gathering is a crucial platform for fostering collaboration and mobilizing action towards a sustainable future.
Media Contacts
Sherry Kennedy, Director of Communications: Sherry.Kennedy@SEforALL.org / Media@SEforALL.org | +43 676 486 2425
Robert Magori, Senior Communications Specialist: Robert.Magori@seforall.org | +43 676 846 727 240
About SEforALL
Sustainable Energy for All is an independent organization, hosted by UNOPS, with a global mandate to accelerate progress on the energy transition in emerging and developing countries. We work at the intersection of energy, climate, and development. We collaborate with governments and partners worldwide to end energy poverty, accelerate the deployment of renewable energy solutions, and combat climate change. Learn more about our work at www.SEforALL.org
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SOURCE Sustainable Energy for All
