The GET.invest Finance Catalyst links renewable energy projects to finance opportunities and vice versa, targeting small- and medium-scale renewable energy (RE) projects, currently in sub-Saharan Africa.
Application Deadline: November 26th 2019
About GET.invest Finance Catalyst Program for renewable energy
GET.invest is a European initiative that seeks to promote investment in renewable energy projects that are decentralized. Through developing sustainable energy markets, it assists private sector companies and project owners, financiers and regulators. In doing so, it directly contributes to the goals of interlinked sustainability (SDG) and climate change (Paris Agenda).
Building on its predecessor, the Africa-EU Renewable Energy Cooperation Program (RECP), it was launched in early 2019. GET.invest is delivering with an expanded regional emphasis beyond the African continent by mobilizing the private sector and developing a pipeline of viable investment projects.
In the space of international cooperation on decentralized renewable energy, the program works closely with a wide range of partners, particularly industry associations, and cooperates with various related initiatives.
GET.invest is hosted on the GET.pro multi-donor network introduced by GIZ and funded by the European Union, the Netherlands, Germany, Sweden and Austria.
GET.invest Finance Catalyst Program for renewable energy
It offers guidance on project development, project structuring and funding access through a team of dedicated experts with extensive experience in the design and financing of renewable energy projects.
Eligibility for GET.invest Finance Catalyst Program for renewable energy
The GET.invest Finance Catalyst support is available to all project proposals that meet the following minimum criteria:
- Only projects with a cumulative generation capacity between 0.5-50 MW or aggregated investments in the range of € 1-70 million are eligible. This can include distributed generation.
- Projects must be situated in sub-Saharan Africa. Services for the Caribbean and Pacific region are in preparation.
- Projects may comprise electricity generation, electricity distribution (in the case of mini-grids and standalone systems), mechanical energy and industrial / process heat or cooling. Transmission projects or biofuels / transport projects are not eligible.
- Applicants may be private sector developers (local and international), NGOs, universities or research institutions. Preference is given to projects with a significant private sector representation.
- There must be a demonstrable connection with one or more European institutions or companies in the project. This could be a private sector stakeholder, a government institution, a university or a research institution.
- The major part of the project’s scope must be a renewable energy system investment. Hybrid systems with a reasonable share of renewable generation capacity are also eligible.
- Projects must be conceptualised as revenue generating and meet a minimum economic viability and sustainability threshold.
Benefits of GET.invest Finance Catalyst Program for renewable energy
Working with project managers is the Finance Catalyst group. We link eligible projects with development finance institutions (DFIs), project management support tools, impact investors and business lenders, offering in-kind advice (but no direct financial assistance).
The Finance Catalyst delivers through a lean, non-bureaucratic setup, and an à la carte portfolio of services:
- Development support geared at projects at a relatively early stage, but with concrete financing prospects, and providing guidance on the necessary steps of project development in order to ensure completeness and quality.
- Structuring support advising on essential aspects of business case and financing models and supporting developers towards structuring their propositions in a way that corresponds to the needs and expectations of financiers.
- Access to finance support to identify appropriate financing options for projects and to align project documentation with the specific requirements of financing and support instruments.
- Transaction support to provide assistance in the contractual negotiations during project preparation, including (for example) aspects of the financing transaction, term sheets, contractual agreements with specialised advisory, or the fulfilment of conditions precedent.