This strategic investment by SIFEM supports the global call for cleaner and more sustainable energy solutions. With the MENA region being ideally situated to harness solar and wind energy, this investment will help facilitate the transition towards cleaner energy sources, reducing carbon emissions and the use of fossil fuels, and ultimately combatting climate change. Moreover, the inclusion of countries in the West Balkans underscores the commitment to broader regional development, energy diversification, and sustainability in a region with immense potential.
Partnering alongside SIFEM are prominent institutions such as the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), International Finance Corporation (IFC), U.S. International Development Finance Corporation (DFC), the Asian Infrastructure Investment Bank (AIIB), Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO), Société de Promotion et de participation pour la coopération économique (Proparco), Kreditanstalt für Wiederaufbau (KfW), and the Energy Access and Affordability Fund (EMCAF).
