Umoja Incubator 2022 for Renewable Energy Projects
Table of Contents
When is Application Deadline?
2nd September 2022 23:59 EAT.
Tell Me About Award:
Do you have a renewable energy project that needs acceleration? Are you in need of project funding? Would you like to build your technical skills and industry knowledge in renewable energy? Our incubator programme will get you there. Be part of Africa’s renewable energy revolution.
What Type of Award is this?
Entrepreneurship
Who can apply?
There is a strong opportunity of investing in renewable energy across sub-Saharan Africa. Although Africa has an enormous renewable energy potential and many local developers have already identified suitable sites, the lack of experience or development capital hinders meaningful project development. The Umoja Incubator addresses this situation by linking up strong early-stage renewable energy projects with access to development capital. Serengeti Energy has a solid ground presence, strong market knowledge and track record in developing and bringing renewable energy projects to markets. The Private Financing Advisory Network has been supporting renewable energy developers with advisory services to accelerate their development. Let’s come together and scale renewable energy across Africa.
In order to be eligible to participate in the incubator program, the project you present must adhere to the following rules:
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- Be submitted by its owner(s) or (jointly “owners”) or by its/their representatives
- Be located in sub-Saharan Africa (SSA)
- Not be located in a protected area as defined by IFC Performance Standard 6 and IUCN
- Use renewable energy technology (wind, solar and hydro only) with a size between 3MW-50MW and limited to a maximum of 25MW for hydro power projects
- Have passed the “idea stage” and at a minimum an MOU or EOI
- Have a viable offtake strategy and be located in a country with policies and regulations allowing IPPs
- Up to 30MW for hydro with little or small community impact as possible
Which Countries are Eligible?
African countries
How Many Positions will be Given?
Not specified
What is the Benefit of Award?
The submitted proposals will be evaluated by the jury between June and September 2022.
The winning project(s) will enter into a partnership with Serengeti Energy. Our goal is to give them the tools needed to succeed and positively impact their communities and these include access to commercial and technical knowledge, and eventually funding.
