The Sustainable Energy Fund for Africa (SEFA) will provide seed funding for up to a total of 8 million USD for innovative small/medium-scale clean energy and energy efficiency projects in Africa. SEFA will accept proposals in 2012.

The seed funding will provide grants of up to $1 million USD to cover up-front development costs, from pre-feasibility studies and PPP preparation to assistance in achieving financial close.

With financing from the Danish government, SEFA is a vehicle to enhance the commercial viability, as well as bankability, of smaller, private sector-driven projects. It aims to support the implementation of the African Development Bank’s (ADB)  Private Sector Development (PSD) strategy.

A second financing window providing equity investments will be introduced in the second half of 2012 to address the lack of access to start-up and growth capital for SMEs, as well as the limited managerial and technical capability of small/medium-scale entrepreneurs.

Learn More:
Application details on SEFA's website: http://www.afdb.org/en/topics-and-sectors/initiatives-partnerships/sustainable-energy-fund-for-africa/