This initiative is focused on addressing the urgent need for reliable electricity access while fostering economic growth and promoting social equity.
At present, over 500 million people in sub-Saharan Africa live without dependable electricity, a challenge that stifles progress across several key sectors, including agriculture and small enterprises.
PREO is strategically designed to harness the vast potential of renewable energy sources like solar, wind, and biomass.
With a particular emphasis on Productive Uses of Renewable Energy (PURE), the initiative aims to create sustainable business models that use clean energy to boost productivity and improve the quality of life.
It is projected that the program will create approximately 3,500 new jobs, with a strong focus on empowering 1,000 women within the workforce.
This job creation is essential in regions with high unemployment rates, providing stable incomes and encouraging local entrepreneurship.
A core goal of PREO is to improve access to renewable energy solutions that can have a profound impact on agricultural productivity.
For example, solar-powered irrigation systems offer farmers the opportunity to enhance crop yields while reducing dependence on costly and polluting fossil fuels.
Reports show that farmers using solar irrigation have seen a production increase of up to 185% per tree for crops such as mangoes.
This not only boosts personal incomes but also builds greater community resilience against economic instability.
Additionally, the environmental benefits of the PREO program are significant. By advocating for renewable energy solutions, the initiative plays a key role in reducing carbon emissions.
Projects under the program have collectively prevented over 1,900 tonnes of CO2 emissions annually by reducing reliance on diesel and petrol.
This aligns with global climate objectives and helps create a cleaner environment for communities that have traditionally relied on fossil fuels.
The impact of PREO goes beyond environmental sustainability, driving transformation across industries. As businesses adopt renewable energy technologies, they can improve operational efficiency and attract new investments.
The program acts as a catalyst for scaling renewable innovations, proving the financial viability of clean energy infrastructure.
As more businesses integrate renewable solutions, a ripple effect ensues—encouraging others to follow suit and contributing to a more sustainable industrial environment.
Beyond its immediate outcomes, the PREO program lays the foundation for long-term prosperity and resilience in sub-Saharan Africa.
By investing in renewable energy solutions that empower both local communities and industries, PREO addresses critical needs and sets the stage for sustainable development.
The initiative aims not only to improve electricity access but also to stimulate economic growth through job creation and enhanced livelihoods across multiple sectors.
With the opening of applications for PREOfunding, stakeholders throughout sub-Saharan Africa are encouraged to actively participate.
This initiative represents a unique opportunity for businesses and organizations to play a role in creating a cleaner, more sustainable future while addressing the urgent socio-economic challenges faced by millions across the region.
With ongoing support from international partners and local governments, the PREO program holds the potential to reshape Africa’s energy landscape for generations to come.
