The African Development Bank (AfDB) through its Sustainable Energy Fund for Africa (SEFA), the Climate Technology Initiative – Private Financing Advisory Network (CTIPFAN) and the Regional Clean Energy Investment Initiative (RCEII) of the U.S. Agency for International Development (USAID), together with their West Africa CTI PFAN partners are inviting West African entrepreneurs with promising clean energy projects (renewable energy resources and energy efficiency) to enter into a business plan competition for the chance to participate at the second edition of the West Africa Forum for Clean Energy Financing (WAFCEF).
West African businesses selected through the business plan competition will receive:
- free mentoring to help them polish their business plans,
- develop convincing investment pitches,
- formulate a commercially, financially, socially and environmentally viable growth strategy that in turn will significantly enhance the possibility of obtaining financing.
Ten (10) qualified projects will have the opportunity to present their business plans to invited investors and make a pitch for financing. As part of the competition, an expert panel including investors, industry specialists and business executives with a keen interest in enabling cleaner and greener projects in West Africa, will judge the Finalists’ presentations and select the top three projects for the West African Clean Energy Financing Awards.
Eligibility requirements include clean energy projects in an ECOWAS country not exceeding US $50 million. For more information on the terms and conditions of WAFCEF II, see the documents in the documents section on the side of this page (guidelines for the competition and the application form for the project).
DEADLINE: October 19, 2014