‘Umoja’ is Swahili for unity and a symbol of our goal to give aspiring renewable energy developers in sub-Saharan Africa the tools they need to successfully complete their projects. The incubator will allow you to gain access to funding and global networks along with commercial and technical knowledge.
There is a strong opportunity of investing in renewable energy across sub-Saharan Africa. Although Africa has an enormous renewable energy potential and many local developers have already identified suitable sites, the lack of experience or development capital hinders meaningful project development.
The Umoja Incubator addresses this situation by linking up strong early-stage renewable energy projects with access to development capital. Serengeti Energy has a solid ground presence, strong market knowledge and track record in developing and bringing renewable energy projects to markets. The Private Financing Advisory Network has been supporting renewable energy developers with advisory services to accelerate their development. Let’s come together and scale renewable energy across Africa.
WORTH
- Project Funding; Receive financing and construction opportunities for your project from Serengeti Energy.
- Global Networks; Connect to renewable energy market leaders by tapping into Serengeti Energy’s vast resources.
- African Impact; Be a part of the renewable energy movement and empower Africa for a brighter tomorrow.
- Training & Workshops; Grow your skills and deepen your knowledge in the renewable energy industry with world-class trainers and resources.
ELIGIBILITY
- The application is open to any company with projects in sub Saharan Africa.
- Projects to be submitted by its owner(s) or (jointly “owners”) or by its/their representatives
- Be located in sub-Saharan Africa (SSA)
- Should not be located in a protected area as defined by IFC Performance Standard 6 and IUCN
- Use renewable energy technology (wind, solar and hydro only) with a size between 3MW-50MW and limited to a maximum of 25MW for hydro power projects
- Have passed the “idea stage” and at a minimum an MOU or EOI
- Have a viable off-take strategy and be located in a country with policies and regulations allowing IPPs
- Up to 30MW for hydro with little or small community impact as possible
DEADLINE:September 23, 2022
To apply and for more information visit here
