Over USD 900 million mobilized to accelerate the clean energy transition at the 2025 SEforALL Global Forum

BRIDGETOWN, Barbados,March 17, 2025/PRNewswire/ --  The SEforALL Global Forum has witnessed groundbreaking commitments totalling overUSD 900 millionto scale energy access and drive the clean energy transition. Moreover, key global partners announced initiatives aimed at accelerating clean energy investments and promoting sustainable development worldwide.

Barbados Prime Minister Mia Mottley launches the Barbados Energy Transition and Investment Plan flanked by Sierra Leone President Julius Maada Bio, Deputy Prime Minister of Tanzania Doto Biteko, and CEO and Special Representative of the UN Secretary-General (UN SRSG) for Sustainable Energy for All, and Co-Chair of UN-Energy, Damilola Ogunbiyi, among others at the SEforALL Global Forum

Major Commitments Announced

  • DRE Nigeria Fund (USD 500 million)The Nigeria Sovereign Investment Authority (NSIA), Sustainable Energy for All (SEforALL), International Solar Alliance (ISA), and Africa50 unveiled aUSD 500 millionDistributed Renewable Energy (DRE) Fund to develop and finance mini-grids, solar home systems, commercial and industrial power solutions, and innovative energy storage technologies inNigeria.
  • 'First Loss Equity'Fund (USD 250 million)Allied Climate Partners launched aUSD 250 million"first loss equity"fund to drive global clean energy investment, alongside a dedicatedUSD 130 millionfund targeting theCaribbean, aimed at catalyzing and crowding in green finance.
  • Results-Based Financing (RBF) (USD 20 million)The European Union, in collaboration with UNOPS and SEforALL, committedUSD 20 millionin RBF funding through the Universal Energy Facility (UEF) to deploy mini-grids and electrify rural households inSierra Leone.
  • ZE-Gen Fossil Fuel Generator Displacement (USD 12 million)The IKEA Foundation pledged over €11 million to ZE-Gen, an initiative replacing fossil fuel generators with renewable alternatives across sub-Saharan Africa,South Asia, and the Indo-Pacific region.
  • e-Cooking Support and Scale-Up Programme (USD 3.5to 5 Million)The Middle East Green Initiative's"Forward7 Clean Cooking"program, in partnership with the Global electric Cooking Coalition (GeCCo), Modern Energy Cooking Services (MECS) and UK Aid announced funding to accelerate clean cooking adoption inSierra Leone, supporting the country's Energy Transition and Green Growth Plan.

National and Regional Energy Initiatives Unveiled

  • Barbados Energy Transition and Investment Plan (ETIP) launched:Launched by Prime MinisterH.E. Mia Amor Mottleyand MinisterLisa Cummins, in collaboration with SEforALL, this roadmap aims forBarbadosto achieve net-zero by 2035.
  • Pakistansets in motion plans to develop its Energy Transition and Investment Plan (ETIP):SEforALL and the Government ofPakistanannounced a new partnership to develop a national energy transition roadmap.
  • Formula E announces its intention to join Energy Compacts:The global motorsport series committed to joining the Energy Compacts coordinated by the United Nations and UN-Energy and supported by SEforALL.
  • GFANZ Caribbean Chapter launched:The Glasgow Financial Alliance for Net Zero (GFANZ) introduced its Caribbean Chapter to mobilize private capital and address local investment barriers.
  • Partnership to promote a just and equitable energy transition inLatin Americaand theCaribbean:SEforALL and the Latin American Energy Organization (OLADE) committed to strengthening policies, regulations, and tariffs for a just and equitable energy transition inLatin Americaand theCaribbean.
  • Africarenewable energy manufacturing financiers'collective unveiled:SEforALL launched a new platform to connect financiers with manufacturers, boosting green finance and supporting local renewable energy production inAfricaandSoutheast Asia.

Winners of the 2025 Energy Heroes Awards Announced

The winners of the 2025 Energy Heroes Awards were announced at the SEforALL Global Forum. Seven winners fromAfrica,Asia-Pacific,Latin Americaand theCaribbeanas well asMiddle EastandNorth Africa, were feted for their innovations revolutionizing the sustainable energy sector and their work in providing funding, technical capacity and technologies to accelerate the clean energy transition.

The 2025 winners are:

  • Deborah Fadeyi, Vectar Energy,Nigeria(Innovator)
  • The BRILHO programme,Mozambique(Changemaker)
  • Becool Indonesia,Indonesia(Innovator)
  • Mee Panyar,Myanmar(Changemaker)
  • Soluz Honduras,Honduras(Innovator)
  • Jorge Rivera Staff,Panama(Changemaker)
  • Youth 4 Sustainability, UAE (Innovator)

The SEforALL Global Forum held from 12-13 March inBridgetownwas co-hosted by SEforALL and the Government ofBarbadosand welcomed more than 1,300 people from over 70 countries.

The success of this sixth SEforALL Global Forum, held for the first time inLatin Americaand theCaribbean, demonstrates why this biennial gathering is a crucial platform for fostering collaboration and mobilizing action towards a sustainable future.

Media Contacts

Sherry Kennedy, Director of Communications:Sherry.Kennedy@SEforALL.org /Media@SEforALL.org | +43 676 486 2425

Robert Magori, Senior Communications Specialist:Robert.Magori@seforall.org | +43 676 846 727 240

About SEforALL

Sustainable Energy for All is an independent organization, hosted by UNOPS, with a global mandate to accelerate progress on the energy transition in emerging and developing countries. We work at the intersection of energy, climate, and development. We collaborate with governments and partners worldwide to end energy poverty, accelerate the deployment of renewable energy solutions, and combat climate change. Learn more about our work atwww.SEforALL.org

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