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Access Power has announced the third edition of the funding and support platform for renewable energy projects, ACF 2018. This year, Access Power has included Asia in the event, inviting energy projects across Africa and Asia to compete.

ACF 2018 announced“This year we are delighted to welcome projects across Asia too to compete. By introducing new markets, we hope this will enable us to reach a bigger network of innovative and pioneering entrepreneurs across Africa and Asia with the opportunity to develop their ambitious ideas into tangible projects,” Reda El Chaar, Executive Chairman of Access Power, said.

The ACF is a financial support mechanism designed to provide local developers and entrepreneurs with the technical expertise and funding required to bring their renewable energy projects to life. Following a pre-selection process, a shortlist of applicants will be chosen to present their projects to a panel of judges at the Africa Energy Forum in Mauritius, with the winners entering a Joint Development Agreement with Access Power, which will take an agreed equity stake in the winning projects and fund all third-party development costs. Access Power will also provide technical support, financing and development process management.

ACF 2018 aims to build on the success of the previous three years where a total of 234 projects have been considered for the prize with several winning projects now benefiting from the mix of funding and technical expertise provided by Access Power. This year’s finalists will once again be evaluated and scored by an independent panel of industry experts, similar to last year’s which included senior representatives from Power Africa, InfraCo Africa, Proparco, and the Dutch Development Bank (FMO).

The submission period for this year’s competition runs from March 19th to May 10th 2018. The winners of ACF 2018 will be announced during the live final evaluation panel on June 19th 2018. The ACF 2018 application form and guidelines are available on the Access Power website www.Access-Power.com.

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