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Credit/loans offered with assets, e.g. inventory and equipment, used as collateral. Transaction is recorded on the balance sheet as a debt affecting the financial position of a company. Credit/loans offered with assets, e.g. inventory and equipment, used as collateral. Transaction is recorded on the balance sheet as a debt affecting the financial position of a company. Funds used to purchase physical assets such as property, plants, buildings, technology, and equipment. Brick and mortar only (including construction and labour), no soft costs included. A security pledged for the repayment of a loan. Debts that have longer than commercially available loan tenors, or lower that commercially available interest rates, or less restrictive collateral requirements, or forgiveness for all or some part of the principal. A debt that can be converted into equity or stock. International financial institution with a mandate to finance projects that achieve development outcomes, e.g. The Word Bank. Independent Power Producers that are at pre-PPA stage but are in the process or have already obtained relevant permits. Refers to contractors who design the project, procure the equipment, and construct the facility for a client all under a single contract and for a fixed price amount. A metric used in financial analysis to estimate the profitability of potential investments. Refers to the timeframe within which an investment will be held before being sold. Monetary assets, usually grants, loans, or equity, give to fund seekers for operations, expenditures, and project execution. As opposed to “pari passus” guarantee coverage, where the guarantor covers loan losses on an equal basis with a lender, (i.e. where the loan principal is $1000 and $100 is lost and the pari passu cover is 50%, the guarantor pays out only 50%). With first loss, the guarantor provides a pay-out of 100% of the losses up to first loss cover, (i.e. where the loan principal is $1000, and the first loss coverage is 10%, on the same $100 lost, the guarantor provides a pay-out of the full $100, since it is not greater than 10% of the loan amount). A funder or investor giving grants, technical assistance, equity and mezzanine/subordinated loans, concessional loans, commercial loans, guarantees and risk mitigation instruments, or any other financial instrument. A form of financial assurance used to secure debt liabilities. Can be called upon (called a guarantee call) by the lender in the event of a loan default or payment arrears. The guarantee provider is called a guarantor. Only considers investments meeting certain economic, environmental, and social criteria, while also generating financial returns. A discount rate used to determine the future profitability an investment is expected to generate over time. Involves utilising a company’s purchased inventory as collateral for a loan. Financial regulations that comply with Islamic law (Shariah) and follow specific stipulations e.g. inability to take interest-based loans. A type of debt that is only paid out after other debts are settled when a company gets liquidated due to insolvency. A type of debt that is only paid out after other debts are settled when a company gets liquidated due to insolvency. IPPs that have equity partners but no EPC contract and no debt financing. The amount of own equity that a lender requires the borrower to place towards the total project cost in order to provide a loan for the balance. A claim put on installed equipment to be used as collateral. Used for bank loans and insurance contracts to indicate the length of time a loan is valid until it’s due. Funds paid out to an organisation based on some percentage contribution made to the total project cost by the grantee. A form of debt instrument which is subordinated to senior lenders, therefore carries a higher interest for the greater risk assumed of non-payment and is usually convertible to equity IPPs that have acquired land, PPA, and the relevant permits. A one-time fee charged by a lender/guarantor for processing and approving a loan/guarantee application. Where the guarantor assumes only partial risk of non-payment, usually 50%. The shares of the company are collateralised to secure a loan. Assets owned by the company, such as equipment or a building, are collateralised to secure a loan. For individual shareholders, personal property assets of individual shareholders are collateralised to secure a loan. For IPPs, this is the ideation stage before the acquisition of relevant permits. In contrast to the household usage of energy resources, productive usage refers to utilising energy for agriculture, commercial, and industrial purposes. Restructuring a debt. Initial funding for a business to turn an idea into a product or service. Debt that is paid out first when a loan is in arrears, after a loan is called into default or when a company is dissolved. Funding rounds for companies at different developmental stages. Series A is the funding raised after seed funding, while Series C is raised once company is almost at maturity and looking to scale or enter new markets. An independent power producer that generates and sells less than 10MW. A specialised investment fund that pools resources to invest equity solely in the energy sector. A fund set up to solely provide debt financing for the off-grid energy sector enterprises. A large corporate investor that invests for strategic gain, e.g. to access a promising technology. Reduced interest rate that is lower than commercial interest rates. Third affiliated party that agrees to back a loan or debt. Average amount of funding made available for each individual recipient. Day-to-day operational expenses.


DEG Feasibility Study covers a share of the costs (up to EUR 200,000) for European SMEs planning to invest in a developing country and conduct a feasibility or environmental study, a legal survey or a market analysis. DEG will finance feasibility studies intended for the preparation of realistic investments, in particular those related to new technology, processes and services in developing countries.


Financial instrument type
Financing entity type
Market segments
Small Scale Independent Power Producer - Below 10MW: Solar, Wind, Biomass, Hydro

Commercial and Industrial
Geographic focus
Sub-Saharan Africa
Note: All developing countries and emerging markets are covered but preference is given to investments in Africa
and 45 more
Burkina Faso
Cape Verde
Equatorial Guinea
Ivory Coast
Sierra Leone
South Africa
South Sudan
São Tomé & Principe
The Central African Republic
The Democratic Republic of Congo
The Gambia
The Republic of the Congo
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Format of grants offered
  • Non-refundable grants paid on performance milestones
Activities eligible for funding
  • Consulting services delivered by third party consultants selected by grantee on sole source basis
  • Project specific services delivered by the grantee itself
Total size of overall grant programme in the current fiscal year, including all calls for proposals
Average total amount of funding available for each grant call for proposals
Ticket size of individual grants
50,000 - 200,000 (EUR)
Max of 50% of the costs for each feasibility study and up to EUR 200,000
Standard funding cycle
  • Rolling applications
Eligibility criteria
  • Small and medium-sized companies located and operating within Germany and the European Union with an annual turnover of up to EUR 500 million
  • More details here
Special set-asides or additional evaluation points for the following groups
  • N/A
Application documents needed
  • Company registration documents
  • Tax compliance certificate
  • Historical financial statements
  • Additional notes: Must submit financial description of the proposed investment which the study supports, details on the development impact of the project, the costs and operational plan for the study, financial statements of the company. Proposals must also include company annual reports, structure of the study, draft of consulting agreement, CVs and references of the experts to be designated, cost plan and timeline.
Types of technical assistance provided
  • N/A
Fund manager
DEG is a German development finance institution and a subsidiary of KfW that promotes private sector for jobs creation, boosting economic growth and supporting the transfer of know-how. DEG's portfolio exceeds EUR 9 billion with investments in 80+ countries. DEG uses funds from the German Federal Ministry for Economic Cooperation and Development (BMZ) for the feasibility studies.
Cologne, Germany
Other branches
Public contact

Phone: +49 (0) 221 4986-1128