The Sovereign Fund for Strategic Investments of Senegal (FONSIS) held a round table on the financing of the Green Fund Energy (Renewable Energy and Energy Efficiency Fund — REEF), a major lever to finance the energy transition. This round table was held on the sidelines of the Invest in Senegal Forum and under the chairmanship of Mr. Birame Souleye Diop, Minister of Energy, Petroleum and Mines.

The Green Energy Fund Senegal aims to catalyze private sector investments in the service of green growth and energy sovereignty in Senegal and the zone UEMOA.
With a target size of 135 billion CFA francs, the Fund developed by FONSIS in collaboration with the Africa Climate Foundation (ACF) and the Global Green Growth Institute (GGGI), will invest capital in energy projects renewables and energy efficiency driven by private companies Senegalese and those in the subregion. The round table brought together a large donor community, including the ADB, the World Bank, IFC, Bloomberg Climate Works, BOAD, as well as international partners such than the European Union, Germany, France, France, France, United Kingdom and Canada. These actors all welcomed the relevance of the Senegal Green Energy Fund and expressed an interest in supporting the deployment of this local vehicle of climate finance.