Support lines and application process

Cross-cutting criteria:

• Target region: Southeast Asia and/or Sub-Saharan Africa (Least Developed Countries, Other Low-Income Countries and Lower-Middle Income Countries and Territories as per The Development Assistance Committee (DAC) list of Official Development Assistance (ODA) recipients which can be accessed here) (no single country strategy)

• Sectors supported: Renewable Energy Generation, Energy and Resource Efficiency, Renewable Energy and Energy/Resource Efficiency Supply Chains. See all specific sectors here

• More than 70% of investments in eligible countries and sectors

• Novel strategy, business model or geography

• Potential for replication and scalability in order to be commercially viable

• Sufficient ESG-safeguards in place (company ESMS, ESIA according to IFC standards on project level, etc.)

• SCAF funding must be matched 50% by the recipient

Financial product:

• Conditional grant between USD 200,000 – USD 500,000, repayment after first close
• Partners: First-time managers of equity investment entities (fund managers and platforms)
• Purpose: Help new fund managers during the fundraising stage

Basic requirements:

• First-time teams, that have not raised nor managed any kind of low carbon related investment entity in the target region

Activities typically financed:

• Fundraising costs (e.g., conferences, travel expenses, marketing)
• Legal set-up fees
• 30% of the budget can be allocated to pipeline development

Financial product:

• A combination of grants and conditional grants under a framework agreement for a total amount of between USD 0.5 million and USD 2.5 million per partner across pipeline and project development activities
• SL 1 is a non-reimbursable grant and accounts for 30% of the total contract volume
• SL 2 is a conditional grant and accounts for 70% of the total contract volume
• SL 2 is repayable once a supported projects reaches FC

Basic requirements:

• Private Equity or Venture Capital funds, Development Companies, Development platforms
• Developing a pipeline of projects
• Multi-country strategy
• Existing track record

Activities typically financed:

• SL1 supports in building a project pipeline while at the same time delivering capacity-building at the local developer level
• Activities typically financed under SL 1 include
• Training, coaching and workshops for local project developers
• Project identification (e.g., event participation, travel expenses)
• Pre-investment feasibility studies
• Project Development
• SL 2 co-finances, with PE/VC funds and DevCos, the development costs of getting seeded projects to full financial close
• Activities typically financed under SL 2 include
• Independent technical and project assessments
• Feasibility studies
• Financial risk analysis and project valuation
• Regulatory compliance and framework reviews
• Environmental, social and governance (ESG) risk analysis