The regular, long-term support of the GET.invest Finance Catalyst is available to all applicants that meet the following minimum criteria:
- Only projects and businesses with a cumulative generation capacity between 0.5-50 MW or aggregated investments in the range of €250,000 to €70 million are eligible.
Note: For applicants requesting fast-tracked support during the Covid-19 crisis, this is substituted with the following minimum criteria that need to be met in order to allow us to deploy support efficiently:
(a) the equivalent of €100,000 of turnover over the past 12 months as a proxy to justify the allocation of individual coaches and the associated cost;
(b) a minimum of 5 staff employed (salary or results-based) as a proxy for the job impact of the crisis, and as an indicator for the cash needs of the company;
(c) the business can demonstrate it had a sustainable funding plan at the end of February until 1 May 2020 (i.e. no funding gap before 1 May 2020).
- The major part of the scope must be a renewable energy system investment. Hybrid systems with a reasonable share of renewable generation capacity are also eligible.
- Supported models may comprise electricity generation, electricity distribution (in the case of mini-grids and stand-alone systems), mechanical energy and industrial / process heat or cooling, as well as clean cooking. Transmission projects or biofuels are not eligible.
- Proposals must be conceptualised as revenue generating and meet a minimum economic viability and sustainability threshold.
- Applicants must be located in (or proceeds to be used in) sub-Saharan Africa, the Caribbean or the Pacific region. (Please note there is no link between the countries covered in the ‘Market Information’ section on this website and the countries in which you can receive support from the Finance Catalyst. Applications for all countries that form part of the sub-Saharan Africa, Caribbean and Pacific region are eligible for support.)
- Eligible applicants may be private sector developers (local and international), NGOs, universities or research institutions. Preference is given to projects with a significant private sector representation.