Embedded Generation Investment Programme (EGIP)

  • Mitigation
  • Under implementation
Date approved
28 Feb 2019
Est. completion
02 Oct 2028
ESS Category
Category B
Financing
Private sector
Entity
Development Bank of Southern Africa

Overview

The GCF-DBSA Embedded Generation Investment Programme (“EGIP”) will support the implementation of renewable energy projects with a capacity of 330 MW, which is comprised of 280 MW Solar PV and 50 MW Wind.

This will be done through two components. The first component will provide credit support to private sector solar and wind Independent Power Producers established as special purpose vehicles that are backed by non-sovereign off-takers in order to enhance bankability of such renewable energy projects. The second component will provide credit support to special purpose vehicles, which are established and owned by Local Community Trusts (LCTs) and/or, Small, Medium and Micro-sized enterprises (SMMEs) to support such LCTs and SMMEs in obtaining and managing an equity ownership in local renewable energy sub-projects.

This programme has an estimated lifespan of 20 years.

Result areas

Countries

Regions

Priority groups

Project timeline

  • Pipeline

    541 days

    • Concept note received

    • Funding proposal received

    • Cleared by GCF Secretariat

    • Cleared by iTAP

  • Approved

    336 days

    • Approved by GCF Board

    • Legal opinion on AE's Internal Approval

    • FAA executed

  • Under implementation

    2,330 days so far

    • FAA effective

  • To be completed

    840 days to go

    Not started

  • Total project value $ 537 million

  • Tonnes of CO2 equivalent avoided 14.4 million

Financing

GCF-financing

0.0%

USD

Co-financing

0.0%

USD

USD 537 million

Show details

GCF-financing

5% disbursed

  • Loan USD 58,000,000
  • Loan USD 42,000,000
  • Total GCF-financing USD 100,000,000

Co-financing

  • Loan USD 156,000,000
  • Loan USD 104,000,000
  • Loan USD 42,000,000
  • Equity USD 77,000,000
  • Loan USD 58,000,000
  • Total co-financing USD 437,000,000

News and stories

Documents

Project contacts

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