Beyond the Grid Fund for Africa (BGFA) is today opening the Pre-Qualification stage of its first Call for Proposals (BGFA1) inviting off-grid energy companies compete for results-based funding to bring clean, modern and affordable energy to customers in peri-urban and rural areas of Burkina Faso, Liberia, and Zambia.
BGFA1 aims to incentivized off-grid energy companies to accelerate the establishment of new, long-term sustainable energy service subscriptions at scale. In total, some EUR 30 million is offered to qualified, private off-grid energy service providers under three different Country Programs, with funding opportunities split into a number of Funding Windows and Funding Lots. The contract size is expected to be EUR 1 – 4 million, depending on the target country and individual needs.
“We are pleased to launch the first stage of this first Call for Proposals under the planned expansion of the BGFA program in Burkina Faso, Liberia and Zambia. The market scoping confirmed that BGFA funding is bridging a critical financing gap for off-grid energy companies to engage in bringing access to energy to customers living in non-urban areas in these three countries. We anticipate active participation in the call and encourage interested energy companies to register on the online system to learn more and start preparing their applications,” commented Helle Lindegaard, Vice President, Head of the BGFA Unit at NEFCO (the Facility Manager). Read More here.
GreenMax Capital Advisors released today a briefing report on the market assessment conducted for the launch of the Green4Access First Loss Facility. The assessment covered 83 companies and 37 Financial Institutions (FIs) across 21 countries in Sub-Saharan Africa.
The main findings of the assessment are:
Green4Acess (G4A) is a new first loss facility developed by Green Max in partnership with the UK NGO, Energy4Impact. The G4A First Loss Facility will be primarily focused on supporting FIs to accelerate local currency lending to energy access enterprises in Sub-Saharan Africa via its cash deposit product. The G4A cash deposit product will provide first loss protection for up to 20% of losses in newly originated portfolios of energy access loans. The Facility is planned to be launched in 2021 with an initial capitalization of US$50 million. The design and development of the G4A facility are being supported by seed funding from the multi-donor platform – Partnerships for Green Growth (P4G).
The full report can be downloaded here
About GreenMax Capital Advisors
GreenMax Capital Advisors, is the US founding affiliate of the GreenMax Capital Group, a group of international clean energy investment advisory and management-consulting firms established in 1994. GreenMax has a lengthy and a successful track record facilitating efficient implementation of international development funds targeted for renewable energy investment in emerging markets worldwide. GreenMax has also supported regional commercial lenders to develop and roll out new lending products targeting renewable energy and energy efficiency investments and has helped many development financial institutions (“DFIs”) plan and launch market-transforming sustainable energy finance initiatives. Learn more at greenmaxcap.com.
In Gbediah Town Timbo District, River Cess County, a new hospital is under construction. GIZ/EnDev supported Welthungerhilfe to temporarily install an 11.75kW Solar System that will help the people who coordinate and work towards completing the hospital.
To reduce the problem of deforestation and to fight against the global outcry for climate change, GIZ/EnDev introduced the Red Fire Pot to the local coal pot producers in Liberia. The Red Fire Pot (RFP) is an improved cookstove that was introduced and promoted on the Liberia market by local coal pot/stove producers that were trained by GIZ/EnDev to produce and sell the product. Two different sizes have been designed for household cooking in Liberia, (the medium and the small).