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Funding Opportunities – December 2017 | Energy Access Practitioner Network

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Funding Opportunities – December 2017

Access Power-FMO Solar Shark Tank Competition; Deadline 5 January 2018

The Making Solar Bankable conference is about understanding and changing perceptions around bankability, with the aim of bringing to life more solar projects in emerging markets.

This competition is open to local developers that require development support to make their solar projects more “bankable”. The project must be in the predevelopment stage, located in Africa, Asia or Latin America, consist of a minimum of 10MW and use solar PV as technology.

The winning proposal will receive a $100,000 grant towards the development costs of the project from Access Power & FMO. In addition to that, Access Power will pre-qualify the winning proposal of the Solar Shark Tank competition for the 2018 edition of the Access Co-Development Facility (ACF) competition, subject to meeting ACF qualification requirements. Access Power will provide the ACF winner with technical support, financial structuring and development process management.

For more information and to apply, please visit here


Sixth funding cycle of IRENA/Abu Dhabi Fund for Development (ADFD) Project Facility now open; Deadline 15 February 2018

The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) have collaborated on a joint Project Facility to support replicable, scalable and potentially transformative renewable energy projects in developing countries. ADFD committed USD 350 million in concessional loans, over seven annual funding cycles, to renewable energy projects recommended by IRENA.

IRENA in partnership with the Abu Dhabi Fund for Development (ADFD), is inviting applications for renewable energy projects in developing countries. Within the framework of the ADFD-funded US$350 million (AED1.285 billion) IRENA/ADFD Project Facility, the current funding round of US$50 million in concessional loans marks the sixth of seven annual cycles.

Background information on the sixth cycle is available in English, Français and Español.

The Facility is welcoming summary project proposals until 15th February 2018 from renewable energy projects in developing countries, that are at feasibility study stage and have the support of the central government.

ADFD funding offer:

  • USD 5 million to USD 15 million per project, covering up to 50% of the total project cost.
  • Loan rates of 1 to 2%, 20-year loan period including a 5-year grace period.
  • Government guarantee required for the ADFD loan (usually from the Ministry of Finance).

Apply now at www.irena.org/adfd.

Contact the IRENA/ADFD team at adfd@irena.org with any questions.


US-India Clean Energy Finance Initiative Call for Applications, Rolling Basis

The US-India Clean Energy Finance (USICEF) initiative is currently seeking applications from project developers and project proponents in India’s distributed solar power sector, who could benefit from project preparation services and funding for early stage project development.

USICEF aims to drive access to energy in underserved regions of India, by supporting early stage development of distributed solar power projects. A partnership formed at COP21 in Paris between the Indian Ministry of New and Renewable Energy, the Overseas Private Investment Corporation (OPIC), and a consortium of US foundations, USICEF provides project preparation support that will catalyze long-term debt financing for distributed solar power from OPIC and other international financial institutions. Climate Policy Initiative (CPI) serves as the Program Manager.

To find out more about eligibility criteria, project preparation services, and how to apply, visit usicef.org. You can also get in touch with CPI at usicef@cpiclimatefinance.org.