📋 Tender Overview
Country / region
• Africa, regional (100.00%)
Maximum contribution $5,000,000
Partner profile IFC - International Finance Corporation
This grant for International Finance Corporation Advisory Services aims to maximize the developmental impact of this initiative by exploring bankable investments in off-grid solutions in rural areas. This initiative better integrates gender equality considerations and provides advisory services for results measurement work for distributed generation (DG) projects. Project activities include: (1) advisory services for Energy Access to address the barriers that prevent the adoption of off-grid and mini-grid business models and unlock investment opportunities; (2) advisory Services in Gender, aimed at closing gender gaps in employment and assets in the energy sector in the Sub-Saharan Africa region across the value chain; and (3) beneficiaries assessment for the distributed generation (DG) projects funded by the Blended Finance Program.
The expected outcomes for this project include: (1) accelerated growth of market for quality verified renewable energy products and systems; (2) increased number of mini-grid renewable energy projects implemented with private sector participation that provide enhanced energy access to beneficiaries, including for productive use; and (3) enhanced gender equality in the renewable energy sector through private sector interventions that reduce gender gaps.
Results achieved
Results achieved as of (May 2021) include: (1) launched the Energy2Equal program , a four-year program that partners with approximately 15 private sector firms to expand women’s access to jobs, leadership positions, and entrepreneurial opportunities in corporate value chains within the renewable energy space; and (2) completed analytical studies for pilot projects in Angola, the Democratic Republic of the Congo and Nigeria for the Scaling Mini-Grids program, which would enable the mobilization of grant and concessional capital towards making mini-grid projects bankable by addressing the following three key structural barriers: (1) commercial viability, (2) demand risk, and,(3) regulatory risk.
