PROPARCO ARE Scale Up facility

A Facility to Develop Innovative Projects in Renewable Energy and Boost Electrification on the African Continent

To support renewable energy projects in Africa, the AFD Group, with the support of the European Union, has set-up the Africa Renewable Energy Scale-Up Facility aimed at sustaining the growth of the off-grid private sector in Africa. The facility has been designed to rally both public and private stakeholders, as it is composed of:

a Technical Assistance component, managed by AFD to strengthen regulatory and institutional frameworks in the countries concerned and to prepare financing of private or public sector renewable energy initiatives in Africa.
a Guarantee Facility managed by Proparco to support investment in off-grid, mini-grid and decentralised power industry players.

Over the next 5 years, Proparco will provide equity or quasi-equity funding for between 5 and 10 African businesses with innovative, high-potential projects. While priority will be given to solar energy projects, other technologies (biomass, mini-hydro, etc.) will also be considered.

Companies eligible to PROPARCO’s investment should:

Have a proven business model (with strong potential for breakeven within 3 years), an experienced management team, anchor investors and be active in Africa;
Implement projects which provide access to electricity or produce decentralized power generation using small scale renewable energy;
be in an active commercial phase (ability to scale up beyond the pilot phase, proven technology, and significant customer base);

Contacts:

Kofi Nketsia-Tabiri : This email address is being protected from spambots. You need JavaScript enabled to view it.
Noara Kebir : This email address is being protected from spambots. You need JavaScript enabled to view it.

Know more: