blended finance
IDC / AFD Green Energy Fund
Provides finance to renewable energy and energy efficiency projects of smaller scale, as well as manufacturing of Green products in South Africa. Qualifying ren
Overview
Provides finance to renewable energy and energy efficiency projects of smaller scale, as well as manufacturing of Green products in South Africa. Qualifying renewable energy includes solar and biomass (other technologies case by case). Energy efficiency projects may include expansion up to 200% increase in production capacity. AFD funds are blended at a leverage level of at most 50% funding from IDC. Total investment cost not higher than 25% of the Facility (~R250 million per project). Normal risk pricing with a cap of Prime + 1.6% or equivalent fixed rate. Minimum investment period of 3 years; maximum payback based on energy savings of 8 years.
Eligibility
Renewable energy projects (solar, biomass, other technologies case by case) and energy efficiency projects in South Africa. Greenfield EE operations considered case by case. No refinancing. Maximum investment per project ~R250 million (25% of Facility).
Application Guidance
Contact IDC directly via their website. Standard IDC fees apply. No refinancing allowed. AFD funds blended at max 50% IDC leverage.
Ready to Apply?
Track this opportunity to your profile and visit the funder website to begin your application.