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Research and Development  
21 November 2017

Solar ‘shark tank’ competition opens for 2018

Dubai-based power developer Access Power, in partnership with the Dutch development bank, FMO, have launched the 2018 FMO Access Power Solar 'Shark Tank' Competition.

Reda El Chaar, executive chairman of Access Power, said: "Following the competition's successful launch in 2016, we are thrilled to have once again partnered with FMO to promote and help development of early stage solar projects in Africa, Asia and Latin America.”

 

The initiative is aimed at helping local solar power developers that require development support to make their innovative solar projects more impactful.

In order to be considered for the grant, the proposed projects must be located in Asia, Africa or Latin America and be based on solar PV technology.

They should also meet the capacity criterion of 10MW or more, and be at an advanced stage of development (preliminary feasibility studies should have been completed).

Furthermore, eligible projects should have an innovative or impactful angle to the project that can be developed with support of the grant.

The solar 'shark tank' competition

The 2018 proposals will be screened and scored by a pre-selection committee assembled by the sponsors.

Four shortlisted finalists will be invited to present their projects and answer questions from a panel of judges on the 15th of February 2018 during the second edition of the 'Making Solar Bankable' conference to be held in Amsterdam, Netherlands.

The winner will receive a $100,000 grant towards the development costs of their project from FMO and Access Power.

In addition to that, power developer will pre-qualify the winning proposal of the Solar Shark Tank competition for the 2018 edition of the Access Co-Development Facility (ACF) competition, subject to meeting ACF qualification requirements.

Application procedures close on 5th of January 2018. Visit the Solar Shark Tank page on http://www.access-power.com/solar-shark-tank or http://www.makingsolarbankable.com/solar-project-pitch-competition/ to download the application form.

 

Featured image: Stock

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