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Aimed at identifying PV projects of potential in sub-Saharan Africa by providing access to funding, and commercial and technical knowledge, the programme invites PV developers to submit proposals for projects that are based in sub-Saharan Africa, and have a clear Corporate Social Responsibility (CSR) component.

Solar PV incubator announcedTitled Your Project, Our Expertise, For a Sustainable Future, the initiative will be launched by Phanes Group in partnership with Solarplaza, Hogan Lovells, responsAbility, and Proparco.

“Clean energy has the potential to transform sub-Saharan Africa for years to come, but successfully implemented PV solar projects require a diverse mix of expertise and knowledge to bring them to financial close,” says Martin Haupts, CEO of the Phanes Group. “We believe the Phanes Group Solar Incubator will leverage untapped local PV potential, and create more opportunities for local projects. Combined with our strengths in developing bankable solutions for clean, affordable energy and efforts in CSR, the incubator initiative can help to address local needs that haven’t yet been met.”

The initiative aims to select and develop sub-Saharan PV project opportunities that haven’t been able to gain access to funding and necessary know-how. It will support developers not just in the funding phase, but throughout the project development and delivery phases, to ensure important, CSR-focused projects are brought to financial close. Phanes Group, along with its partners, will provide PV developers with access to a reliable partner that will support them in reaching bankability.

Through an initial incubator phase, extensive mentorship, and access to the right network, the winning candidate will have an opportunity to roll-out a sustainable energy solution in their community, as well as develop a lasting relationship with an end-to-end, integrated solar expert. The winning project will be announced at the Unlocking Solar Capital Africa event.

Shortlisted projects will be invited to pitch their ideas to an expert panel. After the winning project has been announced, the developers will be invited to join Phanes Group for an intensive 4-day workshop at its headquarters in Dubai, UAE. This will help lay the foundations for delivering a bankable and sustainable project.

Candidates are asked to submit their proposals before October 1, 2017. Those interested can submit directly on the PV Solar Incubator Competition website at www.PhanesGroup.com/incubator or on the Unlocking Solar Capital Africa conference website at http://Africa.unlockingsolarcapital.com/solar-incubator.

Image credit: Copyright: danny666 / 123RF Stock Photo

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