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Thursday, October 6, 2022

Grant Opportunities: Umoja Incubator Programme for Aspiring Developers in the Renewable Energy

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Deadline: 2-Sep-22

Do you have a renewable energy project that needs acceleration? Are you in need of project funding? Would you like to build your technical skills and industry knowledge in renewable energy? The Umoja incubator programme will get you there. Be part of Africa’s renewable energy revolution.

The Incubator Programme, dubbed the ‘Umoja Incubator’, invites aspiring developers in the renewable energy industry who have big ideas but lack the experience or financial capabilities to submit their proposals to the Serengeti initiative.

There is a strong opportunity of investing in renewable energy across sub-Saharan Africa. Although Africa has an enormous renewable energy potential and many local developers have already identified suitable sites, the lack of experience or development capital hinders meaningful project development. The Umoja Incubator addresses this situation by linking up strong early-stage renewable energy projects with access to development capital.

Bring your Renewable Energy Project to Life

‘Umoja’ is Swahili for unity and a symbol of their goal to give aspiring renewable energy developers in sub-Saharan Africa the tools they need to successfully complete their projects. The incubator will allow you to gain access to funding and global networks along with commercial and technical knowledge.

  • Project Funding
    • Receive financing and construction opportunities for your project from Serengeti Energy.
  • Global Networks
    • Connect to renewable energy market leaders by tapping into Serengeti Energy’s vast resources.
  • African Impact
    • Be a part of the renewable energy movement and empower Africa for a brighter tomorrow.
  • Training & Workshops
    • Grow your skills and deepen your knowledge in the renewable energy industry with world-class trainers and resources.

Eligibility Criteria

  • In order to be eligible to participate in the incubator program, the project you present must adhere to the following rules:
    • Be submitted by its owner(s) or (jointly “owners”) or by its/their representatives
    • Be located in sub-Saharan Africa (SSA)
    • Not be located in a protected area as defined by IFC Performance Standard 6 and IUCN
    • Use renewable energy technology (wind, solar and hydro only) with a size between 3MW-50MW and limited to a maximum of 25MW for hydro power projects
    • Have passed the “idea stage” and at a minimum an MOU or EOI
    • Have a viable offtake strategy and be located in a country with policies and regulations allowing IPPs
    • Up to 30MW for hydro with little or small community impact as possible

For more information, visit https://www.serengetienergy.com/incubator/#

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