Application Deadline: 05/03/2022
GET. Invest in a European program that mobilizes investment in renewable energy in developing countries. GET. Invest supports project developers and companies towards investment readiness and links them with financiers. In collaboration with many stakeholders in the sector, GET. Invest also provides a range of other services to complement this effort. GET. Invest aims to substantially increase the volume and pace of investment, contribute to building sustainable energy markets, and thus help meet the twin challenge of sustainable energy and climate change.
The GET. Invest Finance Catalyst links projects and companies to financiers. It targets small- and medium-scale sustainable energy opportunities in sub-Saharan Africa, the Caribbean, and Pacific region. GET. Invest provides advisory support in the areas of investment strategy, business case structuring, and accessing finance. GET. Invest work through independent experts with extensive experience in both developing and getting projects funded.
The support of the GET.invest Finance Catalyst is available to applicants that meet the following criteria:
Investment Size and Generation Capacity: Only projects and businesses with a cumulative generation capacity between 0.5-50 MW or aggregated investments in the range of €250,000 to €70 million are eligible.
Focus on renewable energy and energy efficiency: The major part of the scope must be a renewable energy system investment or energy efficiency equivalent, including clean cooking, storage and appliances. Hybrid systems with a reasonable share of renewable generation capacity are also eligible.
Business models: Supported models may comprise electricity generation, electricity distribution (in the case of mini-grids and stand-alone systems), mechanical energy and industrial / process heat or cooling, as well as clean cooking and appliance products in the off-grid sector. (Green) Hydrogen, pure storage projects and e-mobility projects are eligible. Likewise, energy digital/smart-data systems developers can benefit from our support. Transmission projects or biofuels are not eligible.
Revenue generating: Proposals must be conceptualised as revenue-generating and meet a minimum economic viability and sustainability threshold.
Location: Applicants must be located in (or proceeds to be used in) sub-Saharan Africa, the Caribbean and/or the Pacific region.
Focus on private sector: Eligible applicants may be private sector developers (local and international), NGOs, universities, parastatal companies, government or research institutions. Ultimately, projects will need to have a significant private-sector ownership (or equivalent) to allow for financing with debt or equity, possibly combined with other funding such as grants or public-sector contributions. Such private-sector engagement can be developed during the advisory support.
Applications will be reviewed by two independent experts in our team. In their assessment, our experts look for the following:
Commercial viability: does this project offer a real value proposition?
Technical viability: does this project work technically?
Management: can this team achieve its plans?
Financial viability: can this project generate a return for investors?
Project maturity: where is the project on the continuum of project development?
Added value: Can the GET. Invest Finance Catalyst adds value to the realization of this project?
Every application is evaluated, and all applicants receive feedback. You should expect to receive a response within three to four weeks after a round of applications has closed. Qualified projects will be contacted by one of the advisors in the GET. Invest Finance Catalyst team. In some cases, we may have additional questions to conclude our evaluation of your project.
Official Website: GET. Invest Finance Catalyst Program is open for next cycle applications