FP106

Embedded Generation Investment Programme (EGIP)

Embedded Generation Investment Programme (EGIP)

  • Status Under implementation
  • Date approved 28 Feb 2019 at B.22
  • Est. completion 29 Jan 2043
  • ESS Category Category B

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.

Total project value

 

Tonnes of emissions avoided

 

Theme

Mitigation

Result areas

Project timeline

Pipeline

06 Sep 2017 - 541 days

Concept note received

06 Sep 2017

Funding proposal received

08 Mar 2018

Cleared by GCF Secretariat

29 Nov 2018

Cleared by iTAP

01 Feb 2019

Approved

28 Feb 2019 - 336 days

Approved by GCF Board

28 Feb 2019

Legal opinion on AE's Internal Approval

14 Jun 2019

FAA executed

07 Oct 2019

Under implementation

29 Jan 2020 - 726 days so far

FAA effective

29 Jan 2020

Completed

29 Jan 2043 - 7,676 days to go

One region

  • Africa

One country

One priority group

  • African States
USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing5% disbursed

InstrumentAmount
LoanUSD 58,000,000
LoanUSD 42,000,000
Total GCF Financing
USD 100,000,000

Cofinancing

CofinancerInstrumentAmount
Co-FinancingLoanUSD 156,000,000
Co-FinancingLoanUSD 104,000,000
Co-FinancingLoanUSD 42,000,000
Co-FinancingEquityUSD 77,000,000
Co-FinancingLoanUSD 58,000,000
Total Co-Financing
USD 437,000,000

GCF Contacts

General media inquiries

GCF Communications
Phone +82 32 4458 6338 (KST)
Send e-mail

Request for information

GCF Information Disclosure
Request information about this project

Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6186 (KST)
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155 (KST)
Send e-mail

Accredited Entity

Development Bank of Southern Africa
Mr. Olympus Manthata
Head, Climate Finance
1258 Lever Road, Headway Hill, Midrand, Johannesburg, South Africa
Phone +27 11 313 5238
Olympusm2@dbsa.org
Mr. Muhammed Sayed
Climate Change Specialist, Climate Finance
1258 Lever Road, Headway Hill, Midrand, Johannesburg, South Africa
Phone +27 11 313 5240
muhammeds2@dbsa.org
More contacts

National Designated Authority

South Africa
Department of Forestry, Fisheries, and the Environment
Ms. Nomfundo Tshabalala
Director General
Phone +27 12 339 9007
DG@environment.gov.za
Ms. Shahkira Parker
Senior Policy Advisor: International Governance Management
Ms. Lucia Motloung
Mr. Zaheer Fakir

Documents

News + Stories

GCF helps reduce renewable business costs in South Africa

07 Oct 2019 / The Green Climate Fund (GCF) will help drive down the price of renewable energy in South Africa by boosting the private sector’s investment in wind and solar power in a partnership with the Development Bank of Southern Africa (DBSA). GCF signed an agreement today with DBSA to reduce the cost of investing in South African renewables on the sidelines of GCF’s second Private Investment for Climate Conference.