Africa-EU Renewable Energy Cooperation Programme
RECP concludes its first trade mission to Rwanda and Uganda
RECP concluded its first trade mission to Rwanda and Uganda which took place from 1-8 March, 2017. The mission comes as a demonstration of RECP's commitment to promote renewable energy markets in Africa by facilitating strategic partnerships between African and European businesses, project developers, technology providers and investors.
In Kampala, the trade mission brought 12 European companies from Austria, Belgium, Finland, Germany and Italy to meet with over 20 counterparts from Uganda, with focus on off grid investment opportunities using solar PV and small hydro power.
Uganda is one of the six focus countries of RECP and it presents significant opportunities for private sector cooperation to deliver on the government targets to provide electricity to the remaining 80% of the population without access.
During his opening remarks, H.E. Ambassador of the EU Delegation to Uganda Mr. Kristian Schmidt commented that "in 2015, the EU was Uganda's first trading partner and the most balanced with EUR 492 million exports and EUR 490 million imports; for the first time since 2005, Uganda exported more to Europe than it imported."
Similarly, in Kigali, H.E. Michael Ryan, Ambassador and Head of the Delegation of the European Union to Rwanda emphasized the European Union support to sustainable energy development in Rwanda and welcomed seven European companies from Austria, Belgium, Finland, Germany and Italy to explore business opportunities in the off grid sector, where over 70% of the population is not yet electrified.
Through B2B meetings, networking sessions, panel discussions with policy makers and financier and site visits, participants gained insights on the latest status of the regulatory regime, financing opportunities and forged strong connections with potential business partners in Rwanda and Uganda.
RECP is planning more trade missions during 2017, with Nigeria's mission on solar PV and biomass for captive power, scheduled on 3-6 April. Other trade missions to Senegal, Mozambique and Zambia will follow during the second half of 2017.
For more information:
Africa-EU Renewable Energy Cooperation Programme (RECP)