The deadline to submit applications for $7 million in ACF prize funding is drawing closer. Renewable energy developers have until May 20 to get their applications in.
An ACF panel of judges will select up to three successful projects based on commercial, technical and environmental merits, the local regulatory environment, and capability of the project team.
Winners of the ACF prize for 2016 will be announced on June 22 at the Africa Energy Forum. The winners will enter a Joint Development Agreement with Access Power, which will take an equity stake in the winning projects and fund third-party development costs such as feasibility studies, grid studies, environmental and social impact assessments and due diligence fees.
Access Power will also provide technical support, financial structuring and development process management.
One project has already pre-qualified for ACF 2016, a 25 MW solar project being developed in Sierra Leone by Africa Growth and Energy Solutions (AGES). The firm was the winner of the