RENAC: Unlocking Private Finance for Green Energies Through Capacity Building
The Renewables Academy AG (RENAC), based in Berlin (Germany), in cooperation with the Association of Development Financing Institutions in Asia & Pacific (ADFIAP) have started the three-year programme “Green Banking – Capacity Building for Development and Commercial Banks on Climate Finance”. “Green Banking” aims at increasing the availability of financing instruments for renewable energy and energy efficiency projects in the five partner countries. The project is part of the International Climate Initiative (ICI) with the support of the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB).
Through the “Green Banking” trainings, professionals from private and public institutions involved or interested in financing green energy projects will gain specific knowledge in technologies, financial schemes, risk evaluation, mitigation measures and access to international Climate Funds.
The agreement signed in Paris during the United Nations Climate Change Conference (COP21) is proof of the key role renewable energy and energy efficiency play in the international climate change mitigation efforts. While the green markets keep gaining momentum, India, Philippines, Vietnam, Thailand and Indonesia enjoy the necessary natural resources for the widespread implementation of renewable energy and energy efficiency projects. Local professionals with the appropriate know-how will be able to profit from new business opportunities in a growing industry, which additionally presents manifold benefits (reduction of greenhouse gas emissions, energy security and job creation, among many others).
“Green Banking” will start with a Capacity Needs Assessment in all partner countries in order to develop the most appropriate tailor-made contents for each region. Further activities will include Business-to-Business (B2B) meetings in Germany, a Train-the-Trainer seminar at RENAC’s Training Centre in Berlin to build up local trainers, trainings in the partner countries, internet-based trainings, and the launching of the new degree “Green Finance Specialist”
RENAC, based in Berlin, Germany, is a leading international provider for training and capacity building in renewable energy and energy efficiency. Since 2008, over 6,000 participants from 145 countries have participated in RENAC trainings.
