The U.S. African Development Foundation (USADF) and All On have officially opened the application window for the 2019 Nigeria Off-Grid Energy Challenge, which will provide up to $100,000 in blended finance per enterprise for the successful applicants.
The 2019 application window opened on February 1st and closes on March 15th, 2019.
USADF, a founding member of Power Africa and an independent U.S. Government agency established by Congress to support and invest in African owned and led enterprises and All On, an impact investing company backed by Shell investing in off grid energy solution providers in Nigeria, established the challenge as a multi-year partnership to identify and help scale innovative off-grid solutions to “power up” underserved areas in Nigeria.
Now in the second year of an initial three-year partnership, the parties will jointly provide funding to 100% African owned and operated small and medium enterprises that improve energy access through off-grid energy solutions spanning solar, wind, hydro, biomass and gas technologies. The enterprises may be developers of their own technology and/or acquiring and implementing technologies developed elsewhere. To benefit, applicants need to be legally registered in Nigeria, demonstrate the capacity to track and manage project resources and operate in good standing with the local governments in their areas of operation. Up to $50,000 per selected company will be provided in the form of convertible debt from All On, while up to $50,000 in the form of a grant will be provided by USADF.
The recipients of the 2018 Off-Grid Energy Challenge were Prado Power Ltd, Darway Coast, Auxano, Eastwind, Alyx, Creeds Energy and IKabin.