Green Energy and Economic Development (GEED)

About this project

The proposed Action will boost the provision of on-grid and off-grid renewable energy solutions to households and Micro, Small Medium Enterprises (MSMEs) through the adoption of a market-based approach to strengthen productivity and economic growth. Specifically, the Action aims at supporting the development of food value chains by facilitating investments in affordable, clean, and modern energy and in climate adaptation solutions, which, if implemented well, should lead to substantial progress on SDG 7 (Ensure access to affordable, reliable, sustainable, and modern energy). To achieve this, the Action will support the financing of private sector investments which can spur green economic development, together with relevant advisory services, technical assistance and training on renewable energy, agro-ecological approaches and nature-based solutions. The financing will be designed to catalyse systemic and sustainable changes in market systems and de-risk investment opportunities. The financial support to the private sector will be complemented by the provision of TVET programmes related to renewable energy and green skills. The intervention will seek to consolidate established collaboration with EU MS, with a view to scale-up the proposed Action with additional funding from EU MS. Given the very large investment needs across the country, the Action will also address some of the key challenges to development finance institutions (DFIs) investments in Somalia in the medium term…

Goals

Sustainable Development Goals this project works towards

• 4Quality Education
• 5Gender Equality
• 7Affordable and Clean Energy
• 8Decent Work and Economic Growth
• 9Industry, Innovation and Infrastructure
• 11Sustainable Cities and Communities
• 12Responsible Consumption and Production
• 13Climate Action

Published by

European Commission - Directorate-General for International Partnerships · Other public sector

Countries

Somalia

Sectors

Agricultural developmentEducation facilities and trainingEnergy generation, renewable sources - multiple technologiesBusiness development services

Focus

Gender equality · Also contributesEnvironment · Main focusGood governance · Also contributesClimate mitigation · Main focusClimate adaptation · Also contributes

Published by European Commission - Directorate-General for International Partnerships to the International Aid Transparency Initiative (IATI), last updated 29 Sept 2026 and imported automatically. IATI identifier: XI-IATI-EC_INTPA-2023-ACT-61875.

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