- Small Hydro
Size of Investment
Total Fund Size
General Fund Information
Type of Investment
Grant or Equity
Investors of Fund
AfDB, Danish Government, Unites States
Size of Investment
Financed technical feasibility study in hybrid Solar/Hydro off-grid 8MW project in Madagascar.
Additional Project Characteristics
Funding of early stage opportunity analysis and project development.
Additional FMC Info
AfDB, European DFIs, SE4ALL Initiative
Location of Registration and HQ
Abidjan, Cote d’Ivoire
Primary Contact Information For Developers
João Duarte Cunha
SEFA Coordinator, Energy, Environment and Climate Change Dept.
Resource Mobilization Focal Point:
Principal Resource Mobilization Officer
Types of Financing
Equity investment window is available for Private Equity/Venture Capital funds which provide direct investment and business development support to SMEs in the renewable energy and energy efficiency value chain.
Technical Assistance / Grants
SEFA can provide grants of up to $1 million USD to cover up-front development costs, from pre-feasibility studies and PPP preparation to assistance in achieving financial close. Support is only available for project preparation activities up to financial close. Proposed project’s sponsor is a privately-owned or is a PPP.
Guarantee / Insurance
Requirements for Financing
The total project size should be between $30-200M. The project must be implemented in an AfDB Regional Member Country.
Developers will be expected to provide at least 30% of the total pre-investment costs.
State-owned utilities are not eligible for direct support.
Projects should be sponsored by private sector or public sector agencies where the final project is to be an Independent Power Producer (IPP) or Public-Private Partnership (PPP).
Mobilizing resources and financing the development of renewable energy projects in Africa.
Due Diligence Requirements
The proposal should follow the SEFA guidelines requesting information on: project parameters (e.g. description of the project and company track record) and project status
(e.g. current stage of the business plan, pre-feasibility studies, licenses and permits, project design, E&S Impact Assessments, etc.), and will then follow a process within AfDB.
Detailed Description Of Funding Process Procedure
All proposals received will be screened and pre-assessed against the basic eligibility criteria by the SEFA Secretariat, housed in the Energy, Environment and Climate Change Department (ONEC) of AfDB.
The SEFA Secretariat will submit best proposals to the ONEC Management Team in the form a Project Evaluation Note (PEN) for a first assessment of the project and clearance for the pipeline.
Following ONEC management clearance, the project sponsors and the Bank Task Manager will prepare a Grant Request that shall be peer reviewed and later presented to a Technical Committee (TC).
Proposals up to USD 1 million are recommended for approval at the Vice President level. Grants exceeding the equivalent of USD 1 million are transmitted for approval to SEFA Oversight Committee and the AfDB Board of Directors. The turnaround period is estimated at three to six months but can vary depending on the proposals and the project proponent’s ability to meet the information requests from AfDB throughout the process.
The application for grant request can be submitted via Email ([email protected])