SUNREF is now in Palestine!

The Palestinian Private Sector, with the support of Bank of Palestine and Cairo Amman Bank, is engaging in the ecological transition. The AFD built a strong partnership with the European Union (EU), the Palestinian Energy and Natural Resources Authority (PENRA) and the two banks in order to help accelerate this transition through its green finance facility, SUNREF Palestine. The SUNREF Palestine inaugural workshop “Green Investments in Palestine: challenges and opportunities” hosted more than a hundred key energy and private sector players the 24th January in Ramallah.

A 25 million euro credit facility brought by AFD will support Cairo Amman Bank and Bank of Palestine in providing long term affordable financing to the private sector and households for eligible green investment projects, such as energy efficient equipment and renewable energy production. SUNREF Palestine also makes available tailored technical assistance, free-of-charge thanks to EU support, for both banks and borrowers to reduce risks and maximise the impact of green investments. In addition to this, the EU financial support to SUNREF Palestine provides further incentives to Palestinians considering green investments under the form of investment grants ranging from 15% to 30% of the loan amount once investment projects are completed.

Read the press release

South Africa

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South Africa

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The largest program in partnership with the Green Climate Fund to increase climate financing for local financial institutions