Dubai-based energy developer, Access Power, has announced the launch of ACF 2018, the third edition of the funding and support platform for renewable energy projects in Africa.
For this edition, the platform will for the first time include Asia to also compete for the $7 million financial support programme. Read more: Access Power crowns renewable energy technologies
Now in its fourth year, the innovative financial support programme is designed to provide local power project developers and originators with project development support, technical experience, expertise and funding required to bring their renewable energy projects to life.
Excited to launch #ACF2018! Calling all developers to compete for $7 million to #power your #RenewableEnergy #project in #Africa & #Asia! Download your application today https://t.co/GehGQwXTSg pic.twitter.com/N9k1LcO1yy
— Access Power (@Access_Power) March 27, 2018
ACF 2018 aims to further build on the success of the previous three years where a total of 234 projects have been considered for the prize with several winning projects now benefiting from the mix of funding and technical expertise provided by Access Power.
This year’s finalists will once again be evaluated and scored by an independent panel of industry experts, similar to last year’s which comprised of senior representatives from Power Africa, InfraCo Africa, Proparco, and the Dutch Development Bank.
Introducing new markets
The winners of ACF 2018 will be announced during a live final evaluation panel on June 19th 2018 during the Africa Energy Forum in Mauritius.
The top three finalists from Africa and Asia will subsequently enter into direct Joint Development Agreement discussions with Access Power.
Access Power executive chairman Reda El Chaar, commented: “This year we are delighted to welcome projects across Asia too to compete. By introducing new markets, we hope this will enable us to reach a bigger network of innovative and pioneering entrepreneurs across Africa and Asia with the opportunity to develop their ambitious ideas into tangible projects.”
The ACF 2018 application form and guidelines are available on Access Power website www.Access-Power.com