Development Bank of Southern Africa (DBSA) / Green Climate Fund (GCF)

The Embedded Generation Investment Programme (EGIP) supports the development and upscaling of solar PV and wind renewable energy embedded generation projects developed by Independent Power Producers (IPPs) operating in South Africa. The programme offers long-dated tenures of up to 18 years, concessional subordinated debt as a first loss facility, concessional BBBEE equity funding, and concessional local community equity funding. Total funding of US$200 million (US$100m GCF + US$100m DBSA matched), with approximately US$84 million allocated to Broad Based Black Economic Empowerment (BBBEE) funding for local communities and SMMEs. Projects must be 10MW to 75MW solar PV or onshore wind, grid-connected, with completed feasibility studies and PPAs with commercial, industrial or municipal off-takers for a minimum of 15 years.

Independent Power Producers (IPPs) operating in South Africa. Projects must: be solar PV or onshore wind technology; be 10MW to 75MW in size; be grid-connected; have completed feasibility studies including all permits and licenses; have entered into take-or-pay Power Purchase Agreements (PPAs) with commercial, industrial or municipal off-takers for a minimum of 15 years. Project objectives must be climate mitigation related and provide developmental co-benefits.

To apply: (1) Read the RFP; (2) Review the EGIP Information Request List; (3) Complete the registration form via the provided registration link; (4) Upload files using the application file upload link. Enquiries can be sent to EGIP@dbsa.org. Each proposal will be reviewed against DBSA's standard credit approval processes including deal screening and due diligence reviews. Applicants not selected for further due diligence will be notified via email.