Call for Proposals: West Africa Forum for Clean Energy Financing (WAFCEF) Business Plan Competition.

TWest Africa Forum for Clean Energy Financing (WAFCEF)
Application Deadline: April 30, 2013

The ECOWAS Regional Centre for Renewable Energy and Energy Efficiency (ECREEE), the Climate Technology Initiative . Private Financing Advisory Network (CTI PFAN) and the Regional Clean Energy Investment Initiative (RCEII) of the U.S. Agency for International Development (USAID), together with their West Africa CTI PFAN partners are inviting West African entrepreneurs with promising clean energy projects (renewable energy resources and energy efficiency) to enter into a Business Plan Competition – the West Africa Forum for Clean Energy Financing (WAFCEF).

WAFCEF is being promoted by ECREEE, CTI PFAN, RCEII together with the African Development Bank (AfDB) through its Sustainable Energy Fund for Africa (SEFA), Banque Oeste Africaine de Developpement (BOAD), and the African Biofuels and Renewable Energy Company (ABREC), which is affiliated with the ECOWAS Bank for Investment and Development (EBID).

The purpose of the Forum is to identify and nurture entrepreneurs, start-up companies and existing companies with promising clean energy projects by linking them with investors and financiers. West African businesses selected through the Business Plan Competition will receive free mentoring to help them polish their business plans, develop convincing investment pitches, and formulate a commercially, financially, socially and environmentally viable growth strategy that in turn will significantly enhance the possibility of obtaining financing.

WAFCEF will be held in Accra, Ghana over three days during the week of October 7, 2013, with final dates to be announced no later than July 1, 2013. At the Forum, five to ten (5-10) qualified projects will have the opportunity to present their Business Plans to invited investors and make a pitch for financing. As part of the competition, an Expert Panel including investors, industry specialists and business executives with a keen interest in enabling cleaner and greener projects in West Africa, will judge the Finalists’ presentations and select the top three (3) projects for the West African Clean Energy Financing Awards.

Prior to the Business Plan Competition Awards, all Investment Forum participants will be invited to attend a one-day Dialogue on Renewable Energy and Energy Efficiency which will provide an opportunity for dialogue with policymakers on policies, regulations and laws and investment in clean energy in West Africa.

ELIGIBILITY
Any entrepreneur or company actively operating and registered in
ECOWAS countries of West Africa including: Benin, Burkina Faso, Cape Verde, Ivory Coast, Gambia, Ghana, Guinea, Guinea Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, Togo may participate in the Business Plan Competition.

Foreign persons or companies with projects in West Africa are also eligible.
Clean Energy Focus of Projects
The project / business must promote or use clean energy technologies, products or services,
Clean Energy Technologies : Eligible for Business Plan Competition
  • Biomass
  • Biogas
  • Bio-fuels
  • Clean Transport
  • Distributed and Off-grid Generation
  • Energy Access
  • Energy Storage and Conservation
  • Energy Efficiency
  • Geothermal power and thermal energy
  • Hydroelectric power
  • Rural Electrification
  • Tidal /Wave /Ocean power
  • Solar power and thermal energy
  • Waste-to-Energy
  • Wind power
Project Size in the Competition
In principle, only business proposals that require total (initial) capital in excess of US$1 million (or any currency equivalent) but less than
US $50 million will be considered , although the WAFCEF organizers reserve the right to accept projects that do not fit within these guidelines if other features of the project are particularly exceptional.
 Acceptable Proposals
Proposals eligible for the competition, may include, but are not limited to:
  • Greenfield andbrownfield utility projects and distributed generation projects;
  • New business ventures;
  • Deployment of an existing clean technology;
  • Commercialization of a new clean technology;
  • Merger, acquisition or joint venture that will add value to an existing clean energy business;
  • Other innovative proposals and business models focused on clean energy that have positive development impacts and result in greenhouse gas (GHG) emissions reductions.
Proposals must reasonably demonstrate that the project is commercially and technically viable.
Expert Panel
The Expert Panel will consist of five (5) judges that are clean energy industry experts, investors and financiers familiar with the local business environment.
Application Process and Deadline
All applications should be sent to investment [email protected] and [email protected]
The Application Package should contain three attachments including:
1. The completed Application Form (as a PDF file)
2. The Project Data Sheet (as an excel sheet),
3. The completed Project Proposal (as a PDF file),
Applications can be submitted in English,FrenchandPortuguese languages.
Questions may be sent to [email protected] before April 15.
All questions and answers will be posted on the ECREEE website as they are
received and no later than April 20. Individual communication with regard to the competition will not be answered.
More information is available at: www.ecreee.org and www.cti-pfan.net
All applications must be received by midnight (23:59 hours) GMT on April 30, 2013.

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