Call for Project Proposals: Advance the Global Energy Transition with IRENA’s Energy Transition Accelerator Financing (ETAF) platform.
Closing Date: Not Specified
Call for Project Proposals: Advance the Global Energy Transition with IRENA’s Energy Transition Accelerator Financing (ETAF) platform.
Overview
ETAF, a facilitator for over $4 billion in pledged support from 13 partners, seeks projects to transform renewable energy. ETAF’S goal is to mobilise capital and scale financing to achieve 5 GW of renewable energy, with a focus on developing economies, by 2030.
ETAF facilitates funding and de-risking services for projects subject to the credit and risk guidelines and approval processes of ETAF Funding Partners. The Call for Project Proposals is open for commercially feasible projects demonstrating a high degree of readiness, located in IRENA member countries (or in accession). The platform supports various types of clean technologies such as renewables (power generation and end-users), energy conservations and efficiency, electrification of end-users (heating and cooling, e-transportation), and sustainable bio-energy.
ETAF is looking for projects that:
☑ Accelerate the energy transition, align with the Paris Agreement, support SDGs, and contribute to NDCs.
☑ Are beyond the business development stage, with preliminary feasibility studies.
☑ Include availability of grid connection (for on-grid projects) and offtake arrangements.
☑ Have a minimum capital expenditures of USD 25 million (private sector/PPP) or USD 10 million (public sector).
Why submit your project?
ETAF provides an unparalleled opportunity to access debt, equity, and de-risking services for high readiness projects in renewable energy sectors. Join ETAF in propelling the global energy transition to new heights. Your innovation could lead the way toward a sustainable future.
Eligibility criteria
The project should:
- Have a minimum project CAPEX of USD 25 million (for private sector/PPP projects) and USD 10 million (for public sector projects)
- Contribute to the energy transition in the host country and alignment with the Paris Agreement guidelines (climate risk adaptation, mitigation, cash-flows from low GHG emissions and climate-resilient pathway
- Contribute to the achievement of the Sustainable Development Goals (SDGs) and the host country’s Nationally Determined Contributions (NDCs). Be beyond the business development stage, with at least a first (draft) feasibility study in place, and employ feasible technology that is proven and reliable
- For on-grid projects, confirm grid connection availability at the project location that supports the technology and capacity of the project. Demonstrate market access via a letter of intent from a public offtaker, a merchant market structure, regulatory support for Corporate PPAs, or other means
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