DBSA opens call for proposals for Embedded Generation Investment Programme in South Africa
06-08-2021 09:19:19 | by: Pie Kamau | hits: 1091 | Tags:

The Development Bank of Southern Africa, (DBSA) is inviting all private sector entities and energy developers to submit proposals in response to South Africa’s Embedded Generation Investment Programme (EGIP).

EGIP seeks to provide first loss facilities and Broad Based Black Economic Empowerment funding to support the implementation of embedded generation renewable energy projects in South Africa. The projects under EGIP will be implemented by private sector entities (in their capacity as Independent Power Producers and/or off-takers) and local municipalities (acting primarily as off-takers).

The underlying Power Purchase Agreements (PPAs) under EGIP are not expected to be underpinned by Government Guarantees. A facility of approximately $200 million has been secured to implement solar photovoltaic and wind renewable energy projects in South Africa. “EGIP will crowd-in funding from various funders to kick start a new market for embedded generation in South Africa,” said Mpho Mokwele, Head, Project Finance at the DBSA.

Applications will be assessed through a competitive process, specifically targeting projects that are in advanced stages of development. The DBSA has the sole discretion to respond to multiple agency objectives in making its selection, including climate impact and gender mainstreaming potential for the project.

The call for proposals is now open and will close on 31 September 2021. Proposals can be submitted here.