- The UKEF supported sustainable projects to the tune of £2.4 billion last year.
- £27 million for a solar-powered water sterilisation programme in Ghana.
- The UKEF has dedicated about £2 billion of direct lending for clean growth projects.
The UK Export Finance (UKEF) supported sustainable projects to the tune of £2.4 billion last year. These funds supported UK businesses in constructing and developing infrastructure and increased access to clean energy for many in developing countries.
Read also: UK Renewable Energy Generation Surpass Fossils for First Time.
The projects backed by the UKEF in 2020 include:
- Over £430 million for major new healthcare projects in Africa, including two hospitals in Ghana and 108 rural healthcare clinics, and a hospital in Zambia
- Over £1.9 billion for major transportation projects, including backing for Egypt’s new electric monorail line and emergency road repairs in Gabon, Ghana and Benin, crucial to infrastructure in the region
- Over £120 million for major energy transformation, including financing for two offshore wind farms in Taiwan and two of Spain’s largest solar power plants
- £27 million for a solar-powered water sterilisation programme in Ghana that will deliver 5 litres of water a day for less than a quarter of a penny
The UKEF’s support for sustainable projects is in line with the facility’s new measures to enhance clean energy deployment. £2 billion of direct lending has been dedicated to financing clean growth projects.
To connect UKEF with overseas projects that have long-term and sustainable growth potential, UKEF has expanded its internationally based country representatives in Africa, South America, the Middle East and Asia, and is set to significantly increase this network in 2021.