RETECH Foundation is a proud beneficiary of the 5th Edition of EDP’s A2E Fund. RETECH Foundation’s Power2Schools Programme was 1 of 10 projects selected by EDP to co-fund and implement during 2024. This year, thanks to EDP, the RETECH Foundation will provide Access to clean energy, water and ICT facilities to 5 public schools in Delta State, Nigeria.
The A2E Fund Program is EDP’s commitment to fighting electric exclusion in developing countries.
Approximately 675 million people still lack access to electricity and about 2,3 billion people rely on wood, charcoal, crop waste and coal for cooking and heating.
Access to clean, affordable and reliable energy is vital for social and economic development and to power sustainable growth. It is needed to improve livelihood in developing countries, ensuring access to clean water, cooking and health care. Sustainable energy also powers agriculture, commerce and industry, thus creating prosperity, jobs and opportunities. Likewise, addresses environmental degradation and tackles climate change.
As a reference, electric utility and EDP’s vocation of openness to the world and sustainability, they are committed to promoting Access to Energy (A2E) in developing countries, focusing on regions with no connection to the electricity grid, and helping communities to break their poverty cycle.
About the Energy Access Fund (A2E) Program:
In 2018, EDP launched the A2E Fund to support renewable energy projects that promote the environmental, social and economic development of rural communities in developing countries.
The A2E Fund focuses on five major sectors to which energy makes a crucial contribution: education, health, water & agriculture, community and businesses.
With 5 editions underway, EDP received over 730 applications and selected 39 projects in Mozambique, Malawi, Nigeria, Kenya, Tanzania, Angola and Rwanda, selected according to criteria such as social impact, partnerships, sustainability, number of beneficiaries and expansion potential.
The A2E Fund directly benefits over 230 thousand individuals while indirectly impacting a staggering two and a half million.