#Global Forum #Clean Energy #Barbados #SEforALL #Bridgetown

Major Financial Mobilizations at the SEforALL Global Forum 2025

The recent SEforALL Global Forum held in Bridgetown, Barbados, marked a significant milestone in the transition towards clean energy by mobilizing over 900 million USD in commitments. This gathering brought together a diverse group of over 1,300 participants from more than 70 countries, highlighting the global urgency for sustainable energy initiatives. With key figures from governments and organizations in attendance, this forum established itself as a crucial platform for promoting energy access and sustainable development.

Significant Commitments Announced

Among the most notable initiatives unveiled during the forum were:

• - Distributed Renewable Energy Fund: A major launch was that of a 500 million USD Distributed Renewable Energy (DRE) Fund by the Nigeria Sovereign Investment Authority, along with partners including Sustainable Energy for All (SEforALL) and the International Solar Alliance. This fund aims to finance mini-grids, solar home systems, and innovative energy storage technologies in Nigeria, enhancing electricity access for rural and underserved communities.

• - First Loss Equity Fund: Allied Climate Partners introduced a 250 million USD First Loss Equity Fund designed to drive investments in clean energy globally. Complementing this is a 130 million USD fund specifically aimed at catalyzing green finance throughout the Caribbean.

• - Result-Based Financing: The European Union announced a 20 million USD investment through the Universal Energy Facility, in collaboration with UNOPS and SEforALL, targeting mini-grid construction and rural electrification initiatives in Sierra Leone, which will significantly boost the region's energy transition.

• - Replacement of Fossil Fuel Generators: The IKEA Foundation is contributing over 12 million USD to the ZE-Gen initiative, which focuses on replacing fossil fuel generators with renewable alternatives across Africa, South Asia, and the Indo-Pacific region.

• - Clean Cooking Support Program: The Middle East Green Initiative, in partnership with the Global Electric Cooking Coalition, announced a funding allocation between 3.5 to 5 million USD to accelerate the introduction of clean cooking technologies in Sierra Leone, promoting the country's green growth agenda.

National and Regional Initiatives Launched

The forum also showcased new national strategies for energy transformation:

• - Barbados Energy Transition and Investment Plan: Premier Mia Amor Mottley unveiled a comprehensive plan targeting net-zero emissions by 2035, showcasing Barbados' commitment to leading the transition.

• - Pakistan's Energy Transition Plan: In a notable collaboration, SEforALL partnered with the Pakistani government to develop a national roadmap that lays the groundwork for Pakistan's energy transition.

• - Joining the Energy Compacts: The global racing series Formula E has committed to joining the Energy Compacts initiated by the United Nations, reinforcing the connection between sports, sustainability, and energy innovation.

• - GFANZ Chapter in the Caribbean: The introduction of the Glasgow Financial Alliance for Net Zero (GFANZ) in the Caribbean seeks to mobilize private investment and tackle investment barriers in the region.

• - Collaboration in Latin America and the Caribbean: SEforALL, along with the Latin American Energy Organization (OLADE), is pushing for policies that ensure an equitable and balanced energy transition.

• - African Renewable Energies Financing Collective: A new platform launched by SEforALL aims to connect financiers with manufacturers, fostering green financing in Africa and Southeast Asia.

Celebrating Innovation at the 2025 Energy Heroes Awards

The forum also celebrated exemplary achievements in the energy sector, with the announcement of the 2025 Energy Heroes Award winners:

• - Deborah Fadeyi, Vectar Energy, Nigeria (Innovator)
• - BRILHO Program, Mozambique (Changemaker)
• - Becool Indonesia, Indonesia (Innovator)
• - Mee Panyar, Myanmar (Changemaker)
• - Soluz Honduras, Honduras (Innovator)
• - Jorge Rivera Staff, Panama (Changemaker)
• - Youth 4 Sustainability, UAE (Innovator)

These awards honor those who have made significant contributions to transforming the energy sector through financing, technology, and advocacy.

Conclusion

The SEforALL Global Forum not only emphasized the critical steps being taken towards a clean energy future but also showcased the collaborative spirit required to tackle global energy challenges. The commitments made at this forum signify a collective dedication to achieving sustainable energy access for all, proving that progress can be made through unified action and innovation.