DFC makes Call for Applications for distributed renewable energy projects
The US International Development Finance Corporation has announced a Call for Applications from private companies seeking financing for distributed renewable energy-related investments.
The Call for Applications is one of the new climate and climate-focused investment initiatives the agency is pursuing to help developing countries reduce emissions, increase renewable energy usage, protect ecosystems, and enhance resilience.
Projects include, but are not limited to, micro and mini-grids, solar home systems, and distributed power generation. DFC aims to expand electricity access to at least 10 million people by 2025.
DFC seeks to commit $100 million in support for distributed renewable energy-related investments in DFC-eligible countries within one year of launching this Call for Applications. Investments can be used for business expansion, working capital, and growth capital. Special consideration will be given to projects that provide energy solutions related to the COVID-19 response, such as those projects that will provide needed electricity to healthcare facilities, and those that advance DFC’s 2X Women’s Initiative by promoting women’s economic empowerment. Applications are due on 18 June, 2021.
