On the occasion of the One Planet Summit that was held in New York City on September 26, 2018, the President of the Togolese Republic announced an initiative by a pioneering group of African countries to play a pilot role in the development of an optimal regulatory framework to reduce the cost of access to clean energy and catalyze investment in solar energy projects.
This international framework will provide all countries willing to register projects under it with an alternative route to the existing national provisions. It aims to channel by 2030 $ 1 trillion of affordable investments toward solar infrastructures, in line with the International Solar Alliance "Affordable finance at scale" program.
We, in our respective roles of energy project developers, finance providers, guarantee providers, and expert institutions, welcome this initiative as we believe that it has been devised on sound pillars. In particular, we agree that an optimal contractual and regulatory framework is an indispensable lever to attract significant investment on solar energy access projects and that an international framework is a solution worth exploring.
The working method proposed by the pilot countries is open and transparent, inviting all interested stakeholders to join forces. We are ready to contribute to this ambitious and valuable initiative and invite all relevant stakeholders to join us in answering the Lomé Initiative Heads of State's call.