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31. The survey included 140 senior business (renewable energy projects)
executives across the world.

32. Baker & McKenzie: The Future for Clean Energy in Africa (Chicago, IL:
Baker & McKenzie, 2013), pp. 10-11.

33. http://www.afdb.org/en/news-and-events/article/african-renewable-
energy-fund-aref-launched-with-100m-committed-capital-and-anchor-
investments-from-afdb-and-sefa-12901/, Visited on: 14/02/2014.

34. AREF’s headquarter is in Nairobi and it is the first dedicated SSA
renewable energy fund. The African Development Bank (AfDB) and its
Sustainable Energy Fund for Africa (SEFA) are AREF’s main sponsors.
For more details, refer to:

Berkeley Energy: Africa Renewable Energy Fund (AREF), Information Note
presented at IRENA Project Navigator Workshop (Cape Verde: Berkeley
Energy, September 2014), pp. 1-5.
35. Cynthia Okoroafor: What Makes Renewable Energy in Africa Attractive

to Big Investors?, 29 September 2015, at:
http://venturesafrica.com/what-makes-renewable-energy-in-africa-attractive-
to-big-investors/, Visited on: 14/02/2016.
36. http://www.africa-eu-renewables.org/wp-content/uploads/2015/09/

RECP-Private-Sector-Fact-File.pdf, Visited on: 14/02/2016.
37. OECD: OECD Principles for Private Sector Participation in Infrastructure

(Paris: OECD, 2007), p. 7.
38. UNEP: Financing Renewable Energy…, op. cit., pp. 48-50.

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