The RECP 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;
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.