PARLIAMENTARY WRITTEN QUESTION
Renewable Energy: Africa (7 December 2017)
Question Asked
Asked by:
Kerry McCarthy (Labour)
Answer
The Department for International Trade (DIT) uses multiple channels to provide support to UK companies looking for opportunities in the renewable energy sector in Africa. For example:
- UK Export Finance (UKEF), the UK’s export credit agency, has capacity to support UK trade and welcomes new applications for support from companies in the renewables sector. There is up to £2 billion available from UKEF for East Africa across all sectors. Further details on the products available from UKEF are listed on their website, along with country by country data. (https://www.gov.uk/government/organisations/uk-export-finance).
- In April 2016, UKEF also joined African Trade Insurance (ATI), the pan-African export credit agency. As an ATI member, UKEF gains access to information about upcoming opportunities for exporters. ATI will also provide a platform to raise awareness among project sponsors and buyers in African countries of the UKEF support available to importers of UK goods and services.
- In 2016 UKEF signed a memorandum of understanding with the Kenyan government on renewables investment, to promote opportunities for private sector trade and investment by the UK in Kenya’s renewable energy sector.
- DIT has a High Value Campaign (HVC) targeting renewables exports to East Africa.
- DIT also provides reactive support to exporters through our International Trade Advisor’s (ITA) network. (https://www.contactus.trade.gov.uk/office-finder/)
Answered by:
Mark Garnier (Conservative)
15 December 2017
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