International solar solutions provider, Phanes Group, intends to launch its first Solar Incubator programme, aimed at identifying potential solar photovoltaic (PV) projects in sub-Saharan Africa by providing access to funding, commercial and technical knowledge.
The initiative, Your Project, Our Expertise, For a Sustainable Future, will be implemented in partnership with Hogan Lovells, Proparco, responsAbility, RINA Consulting and Solarplaza.
The Group now invites solar PV developers to submit proposals for projects that are based in sub-Saharan Africa, and which have a clear CSR (Corporate Social Responsibility) component.
Solar Incubator programme
The energy company explained that this initiative aims to support developers not just in the funding phase, but throughout the project development and delivery phases, to ensure important, CSR-focused projects are brought to financial close.
Phanes Group, along with its partners, will provide PV developers with access to a reliable partner that will support them in reaching bankability. Read more…
Through an initial incubator phase, extensive mentorship, and access to the right network, this year’s candidates will have an opportunity to rollout a sustainable energy solution in their community, as well as develop a lasting relationship with an end-to-end integrated solar expert.
Candidates are requested to submit their proposals by 1 October 2017, via the Group’s website.
The shortlisted applicants will be invited to pitch their projects to an expert panel comprised of the incubator’s partner organisations at Solarplaza’s “Unlocking Solar Capital Africa” conference in Ivory Coast, October 25 – 26.
Transforming sub-Saharan Africa
Commenting on the development, the Group’s CEO, Martin Haupts, said: “Clean energy has the potential to transform sub-Saharan Africa for years to come, but successfully implemented [solar] PV solar projects require a diverse mix of expertise and knowledge to bring them to financial close.”
Haupts continued: “We believe the Phanes Group Solar Incubator -in collaboration with our partners- will leverage untapped local [solar]PV potential, and create more opportunities for local projects. Combined with our strengths in developing bankable solutions for clean, affordable energy and efforts in CSR, the incubator initiative can help to address local needs that haven’t yet been met.”
Joseph Nganga, executive director of responsAbility, who will be part of the evaluation panel at the event, said: “We aim to finance ideas with growth potential and strong entrepreneurial spirit that successfully serve broad segments of the population.
After the winning project(s) have been announced the developers will be invited to join Phanes Group for an intensive four-day workshop at its headquarters in Dubai. This will help lay the foundations for delivering a bankable and sustainable project.
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