Are you aware of the growing opportunities in Zimbabwe’s renewable energy sector? If not, now is the perfect time to learn about the Old Mutual Renewable Energy Fund—an incredible $100 million investment launched to fuel renewable energy projects across Zimbabwe.
What Is the Old Mutual Renewable Energy Fund?
This fund is designed to support innovative renewable energy projects that promise long-term sustainable returns. It’s a game-changer for Zimbabwe’s energy sector, providing a boost to companies and initiatives focusing on green energy solutions like solar, hydro, biomass, and e-mobility.
The Fund aligns its goals with the Sustainable Development Goals (SDGs), specifically targeting:
- SDG 5: Gender Equality
- SDG 7: Affordable and Clean Energy
- SDG 8: Decent Work and Economic Growth
- SDG 9: Industry, Innovation, and Infrastructure
- SDG 13: Climate Action
- SDG 17: Partnerships for the Goals
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Who Can Benefit?
If you are a developer, innovator, or operator in the renewable energy space with a project that can deliver financial returns and demonstrate environmental sustainability, this fund is for you! The fund is open to:
- Solar projects: Harness the power of the sun through photovoltaic technology.
- Hydropower projects: Use water sources to generate electricity.
- Biomass projects: Convert organic materials like agricultural or municipal waste into energy.
- Renewable energy mini-grids: Smaller, localized energy systems that can power communities.
- E-mobility projects: Initiatives that promote electric transportation.
Why Does This Matter to Zimbabwe?
With power challenges and reliance on non-renewable energy sources, Zimbabwe needs sustainable energy solutions. This fund is more than just financial backing; it’s a commitment to innovation, cleaner energy, and economic growth. Renewable energy can lower the cost of power generation, create jobs, and help the country reduce its carbon footprint.
How to Apply
Interested? If your project is financially and technically feasible and focuses on social sustainability, you’re eligible to apply. Simply download the Call for Proposal form from Old Mutual’s website/Click on the button below to get started.
This is an incredible opportunity for Zimbabweans to contribute to the country’s clean energy future while benefiting from substantial financial support. Don’t miss out on this chance to make a real impact!
For more details, you can visit The Herald’s article.
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