REPP calling for Developers of Utility-Scale Renewable Energy Projects

REPP
Required Skill: 
Last date: 
Monday, October 19, 2020
Country: 
Central African Republic

Detailed Description

The Renewable Energy Performance Platform (REPP) is calling for developers of utility-scale renewable energy projects in countries in Africa to submit applications for funding for their projects.

By targeting utility-scale projects, REPP is aiming to support countries in Africa’s acceleration toward decarbonization and the rapidly expanding renewable energy sector.

REPP is a UK government-funded program working to stimulate the growth of the renewable energy sector in countries in East, West, Central and Southern Africa, in order to contribute towards SDG 7 – ensuring access to affordable, reliable, sustainable, and modern energy for all, and SDG 13 – taking urgent action to combat climate change and its impacts.

How can REPP Help?

 

  • Development phase capital and support: REPP provides loans for selected third-party development expenses (such as feasibility studies, environmental and social impact assessments, and legal advice), financial structuring support, and general project guidance.
  • Access to risk mitigation instruments: REPP helps projects and developers to access appropriate risk mitigation instruments provided by third-party providers to mitigate political, regulatory, currency, and off-taker risk where possible.
  • Gap financing: REPP helps to bring projects to financial close by providing funding using an array of finance products ranging from equity to senior debt.
  • Access to long-term lending: REPP helps developers to structure project finances in the right way, and to secure finance from REPP partners and other sources of capital – both private and public.
  • Technical assistance: REPP also supports developers with business planning, training, workshops and seminars, and facilitating learning and exchange between developers.

Technologies Supported

  • Grid-Connected Solar PV
  • Wind
  • Hydropower
  • Geothermal
  • Biogas
  • Biomass
  • Waste-To-Energy.

REPP’s Areas of Operation

  • All countries in East, West, Central, and Southern Africa except Botswana, Gabon, Namibia, and South Africa are eligible for REPP funding.

Environmental and social requirements

 

  • All REPP investees are expected to rigorously adhere to its Environmental and Social Policy and Procedures,
  • which are closely based around the IFC’s and EIB’s environmental and social performance standards.
  • Any recipient of REPP support must assess the environmental and social impacts of its projects and develop a management system in accordance with those standards.

Eligibility Criteria

Projects eligible for the funding in this request for proposals:

  • Between 1MW and 25MW in size (but can be up to 50MW for wind), although larger projects are preferred.
  • Grid-connected, either to the national network or an isolated grid.
  • Privately-owned (i.e. at least 50% owned by a privately-owned company or individuals).
  • Note: REPP is particularly interested in hearing from developers who need its support to unlock projects that are at an advanced stage, close to financial close.
  • Specific attention will be given to African developers (i.e. owned by African nationals).

Source: https://repp.energy/resource-center/news/repp-issues-utility-scale-request-for-proposals/

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