GET FiT Uganda
The GET FiT Uganda Program was officially launched on May 31st 2013. The Program, which has been jointly developed by the Government of Uganda, ERA and KfW, is designed to leverage private investment into renewable energy generation projects in Uganda. GET FiT is being supported by the Government of Norway, the United Kingdom, the Government of Germany and EU through the EU Africa Infrastructure Fund as well as the World Bank through their IDA Partial Risk Guarantee (PRG) instrument.
The main objective of the GET FiT Program is to assist Sub-Saharan African nations in pursuing a climate resilient low-carbon development path resulting in growth, poverty reduction and climate change mitigation. Roll-out of the Program has started in Uganda. In Uganda, GET FiT intends to fast-track a portfolio of up to 20 small-scale renewable energy (RE) generation projects, promoted by private developers. Depending on funding situation and progress of the individual progress, the portfolio may yield a combined installed capacity of up to 170 MW. This will correspond to up to approximately 830 GWh of energy production per year, transforming Uganda’s energy mix within a period of 3-5 years, and resulting in:
- emission reductions of roughly 11M tons of CO2 over the 20-year lifespan of PPAs;
- an increase in Uganda’s energy production by about 20%, and thus a contribution to tackling an anticipated supply shortage in 2016;
- facilitating (or significantly improving) access to energy for at least 200,000 additional households (approximately 1.2M people), also in rural areas due to strengthening of regional grids;
- leveraging of close to USD 400M in private investments for renewable energy generation projects with a limited amount of results-based grant funding.