Delegation of the European Union to Ghana

Request for proposals launched by AECID and COFIDES – Renewable Energy Program for Sub-Saharan Africa, mainly in rural areas

04/06/2020 - 14:25
Grants

A Request for Proposals on renewable energy projects, mainly in rural areas, has been launched by AECID and COFIDES under the Investment window of the Guarantee Fund of the European Fund for Sustainable Development (EFSD). Deadline 25 June, 2020.

The present request for Proposals (RFP) intends to identify projects that are in line with the following characteristics:

  • Mini/off-grid renewable power Generation proposals.
  • In underserved areas (rural and/or periurban).
  • Special consideration to productive uses of energy.

A maximum of 28 EUR million will be available to provide subordinated debt to the projects. The resources for financing specific projects under the PIP will be made available through FONPRODE (Development Fund managed by AECID), with the backing of the EFSD guarantee. Final commitment will be subject to a positive due diligence process and the approval of the FONPRODE governing bodies and the confirmation of the EFSD Guarantees for this initiative.

Given the origin of the resources being mobilised (the European Union and the Spanish administration) and their internal process of approval, formalisation and disbursement, it is important to bear in mind that the availability of the funding resources is to be foreseen for early 2021. COFIDES invites private entities (i.e. companies, consultants, commercial banks, fund managers…) to submit proposals in the framework of the Renewable Energy Support Programme for Sub-Saharan Africa, mainly in rural areas, focusing on off-grid solutions, in order to improve energy access in underserved rural and/or peri-urban areas and enhancing productive uses of energy. There is no limit to the number of Concept Notes that a single private institution or entity may submit. Email address for proposals is desarrollo@cofides.es

  More detailed information on the AECID and COFIDES’

·       Renewable Energy Program for Sub-Saharan Africa is available in this link

·       Request for proposals, including financing requirements and eligibility criteria, is available in this link

 

Find more details in the link:

https://www.cofides.es/en/financing/financial-instruments/fonprode

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