News

Funding Opportunities – January 2017

CLOSING SOON

Microsoft Renews its Affordable Access Initiative (AAI) Grant Fund, Deadline January 31, 2017

Entrepreneurs are invited to apply for funding to further develop and scale their hardware, power, connectivity, and applications solutions to deliver affordable internet services to underserved markets around the world.

In the fund’s first round of grants, Microsoft awarded grants to 12 businesses from 11 countries and five continents offering affordable and/or leveraging low-cost internet access and/or cloud-based services in fields such as power generation, health, education, finance and agriculture. Success like that of Vista Africa – a company leveraging Azure to help healthcare providers more easily screen, track and treat patients’ health in areas where connectivity is limited – has characterized the fund’s first round of recipients.

In addition to receiving funding and software to help power and develop their businesses, grant recipients will join a growing ecosystem of other grantees, business partners, and funders to further increase their impact. Please see here for application details.


CLOSING SOON

SNV RBF Round 3: Application for Pico-Solar PV Suppliers, deadline January 31, 2017

TIB Development Bank and SNV Netherlands Development Organization are pleased to announce Round 3 of the Results Based Financing (RBF) Fund for Pico-Solar PV lighting applications for the Lake and Central Zones of Tanzania. The RBF Fund is financed through Energizing Development (EnDev).

The RBF Fund is focused on the application of a temporary financial product in mainstream banking that serves to assist the private sector in developing the market for pico-solar products in isolated rural areas. The € 2.2 million RBF Fund is currently open to applications from pico-solar PV suppliers who are dedicated to investing and developing viable distribution chains for quality pico-solar products and services to rural consumers in the Lake and Central Zone Regions of Tanzania.

To apply to Round 3 of the RBF Fund as a Pico-Solar PV Supplier of Lighting Africa approved products, please send a request for a full application package via the instructions available here.


IRENA/ADFD Project Facility fifth annual funding cycle now open, Deadline February 15, 2017

IRENA and the Abu Dhabi Fund for Development (ADFD) are pleased to announce the opening of the fifth annual funding cycle of the IRENA/ADFD Project Facility, offering close to $50 million in loans. This is part of ADFD’s commitment to provide USD 350 million in concessional loans over seven annual funding cycles to government-driven renewable energy projects in developing countries.

Since 2012, ADFD has allocated $144 million to renewable energy projects in 14 developing countries. Selected projects have included off-grid, mini-grid and on-grid projects using wind, solar, hybrid, hydro, geothermal and biomass technology. After the first three cycles, over 68 megawatts of new renewable energy capacity will be brought online, expected to improve livelihoods of more than 760,000 people and businesses.

  • Projects can be submitted from developing countries that are Members of IRENA, Signatories of the Statute, or States in Accession. The list of eligible countries is available here.
  • ADFD requires projects to have a letter of government guarantee and support from the government entity involved in the international borrowing affairs of the country (the Ministry of Finance in most countries).
  • IRENA facilitates an international panel of experts to review the project applications based on technical feasibility, economic/commercial viability and socio-economic and environmental benefits.

ADFD loans range between $5 million and $15 million per project to cover up to 50% of the project cost. Finance is offered at 1 to 2 per cent lending rates with a 20-year loan period, including a 5-year grace period.

Interested applicants must register and login to apply. To learn more or apply please visit the facility’s web page.