"The proposals selected in this third edition of the fund now have an overall funding of half a million euros, with which EDP intends to promote access to clean energy in more remote and deprived regions and thus help combat energy poverty in these territories," said the electricity company in a statement.
Solar energy is a common element in the seven projects that EDP will support in Angola, Mozambique, Nigeria, Rwanda and Malawi, which include refrigeration systems for fish and fruit in local markets, electrification of schools, health centers or the supply of technologies that allow for water desalination.
Thus, as in previous editions, A2E Fund bets on initiatives that intervene in five priority areas - education, health, agriculture, business and community - and values evaluation criteria such as social impact, partnerships, sustainability, expansion potential or financial viability.
Each of the projects in this new edition, which received 115 applications, "will receive financial support between 25 thousand and 100 thousand euros" and EDP estimates that their development may have a direct positive impact on the lives of 16 thousand people and also indirectly benefit more than 15 thousand people in these territories.
"The A2E Fund thus continues the program started in 2018, adding since then a total support of one million euros to 13 projects that contributed to improve the lives of 65 thousand people and indirectly, of about one million," summarizes the company.