CLEAN ENERGY OPTION: PROMOTING BIODIGESTERS THROUGH FINANCIAL ACCESS THE AFRICA BIODIGESTER COMPONENT (UGANDA)
Can financial institutions promote clean energy use through targeted financing? The answer is – yes, and It has happened in several places.
Presently FRIENDS Consult Ltd is providing ongoing technical support to three SACCOs and one commercial bank to enhance the delivery of biodigester finance. This in turn boosts the use of farm waste to generate both energy and organic fertilizers in the form of slurry. This project is funded under the Africa Biodigester Component of a larger global clean/ renewable energy programme. While the project is still ongoing and more beneficiaries are accessing, initial signs are that it will accelerate biodigester use.
The key intervention activities by FCL include
- Reviewing and refining existing loan products for biodigester construction as part of green financing
- Building capacity through staff training and support for piloting the respective financial products
- Participating in business linkage events will connect stakeholders across the biodigester supply chain, promoting awareness and collaboration.
- Designing an incentive mechanism to encourage financial institutions to offer biodigester finance.
To ensure effective communication, the consultants keep stakeholders updated through monthly virtual meetings, quarterly and annual reports, and validation workshops to share progress and address challenges. A final report will capture key findings, achievements, and recommendations. Quality is maintained through FCL’s internal project implementation processes, which ISO certified. are
Will garbage continue being a nuisance or shall we turn it into useful energy and farm inputs In Volumes?
Keren Obara.
Digital Marketing Associate.