Clean energy business plan competition seeks application from West-African entrepreneurs

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The third edition of the West-Africa Forum for Clean Energy Financing (WAFCEF-3) business plan competition for 2016 is now open for application from West-African entrepreneurs operating and registered in any of the ECOWAS countries as well as foreign individuals and entities with clean energy projects in those countries.

Participants must note that only clean energy proposals requiring an initial capital investment in excess of US $1million are eligible.

Shortlisted projects will attend a project development and financing workshop and will receive free individual professional mentoring to further develop their business plans. During the final event that will take place in 2017, up to ten winners will present their business plans to investors, industry specialists and business executives interested in funding clean energy. These private sector judges will then select the top three projects to receive the West-African Clean Energy Financing awards.

Clean energy 2

WAFCEF is fully aligned with African Development Bank’s (AfDB) New Deal for Energy for Africa, whose priorities include scaled-up early stage support to projects providing access to modern, clean and reliable energy in the continent.

This competition is made possible through the support of Power Africa, the United States Agency for International Development (USAID), the Private Financing Advisory Network (PFAN), the African Development Bank’s (AfDB) Sustainable Energy Fund for Africa (SEFA), and the ECOWAS Regional Centre for Renewable Energy Efficiency (ECREEE).

For more information on the terms and conditions of this competition, see the documents linked at the bottom:

Guidelines (English)

Guidelines (French)

Project Data Sheet template (English)

Project Data Sheet template (French)

Guidelines for Preparation of an Initial Project Proposal (English)

Guidelines for Preparation of an Initial Project Proposal (French)

Deadline for the submission of the application with an excel project data sheet is due by Monday, 12th December 2016.

For more information on the competition, vissit the official page of the African Development Bank.

happywheels

I believe Africa's entrepreneurship stories must be told!

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