Deadline: 18 August 2019
The Private Financing Advisory Network (PFAN) has opened the call for Climate & Clean Energy Projects that deliver adaptation-related and climate resilience benefits in West Africa.
PFAN is looking for commercially viable projects that can demonstrate that they contribute to a decrease in climate vulnerability and/or an increase in climate resilience.
Focus Area
The following sectors have been identified and targeted for PFAN intervention in the area of Climate Change Adaptation:
- Agriculture (upstream and downstream, including agribusiness and processing)
- Ecosystem Services
- Forestry
- Urban Development
- Health
- Energy & Access to Energy
- Water
- Waste
- Microfinance/-Insurance
- Tourism
- Adaptation products and services
Investment amount (ASK)
- For ALL Projects, the investment ask should lie between US$1 million and US$50 million. This may be disbursed in smaller tranches as requested.
- ONLY for Energy Access and Rural Electrification Projects (clean cook stoves, solar home systems, mini grids) an exception is made, and the investment ask can lie between US$500 thousand and US$50 million. This too may be disbursed in smaller tranches as requested.
Benefits
- Projects selected for PFAN assistance receive free business coaching. This coaching has been shown to greatly speed up the process of reaching investment-ready status, and consequently shorten the path to finding investment.
- PFAN organises regional and international Investment Forums, where the most promising investment-ready projects are showcased to a group of investors from various categories (private equity, development banks, development funds, clean energy focused investors, and so on), increasing the probability of finding the best investor for applicants project.
- PFAN also has a dedicated Investment Facilitation Team, which ensures investment-ready projects are introduced to target investors, throughout the process.
Eligibility Criteria
- PFAN accepts applications from West Africa.
- To be eligible for PFAN support, applicants project or business must provide climate change adaptation benefits, or offer or use clean energy technologies, products or services.
- PFAN is technology neutral, which means they do not prefer any technology over any other.
- Proposals should demonstrate that the project is commercially and technically viable, and requires no or only minimal grant funding.
- If applicants project currently receives grant funding or has done so in the past, that does not affect eligibility.
Eligible Project
- Projects and businesses which deploy clean and renewable energy and/or climate change technologies for productive uses;
- Greenfield & brownfield utility projects, independent power producer and distributed generation projects (for both thermal and electrical energy);
- Existing projects which are operating at small or pilot scale and which are ready for scale-up;
- Projects which increase access to energy for remote communities, including rural electrification, off-grid and mini-grid projects, thermal energy and clean cooking solutions;
- New or expanding business ventures in clean energy and related technologies, including downstream projects (focused on deployment of existing technologies) and upstream projects (focused on development and commercialisation of a new clean technology);
- Mergers, acquisitions or joint ventures, which will add value to an existing clean energy / technology business.
How to Apply
Interested applicants can submit their applications online via given website.
For more information, visit https://bit.ly/2KS3ft8