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projectFP106

Embedded Generation Investment Programme (EGIP)

14355888
TONNES of CO2 Anticipated tonnes of CO2 equivalent avoided

Impact

Mitigation
GCF results area
  • Energy generation and access

Location & People

Region
  • Africa
Country
  • South Africa ZAF

Investment Data

  • Financing:
    • Public
    • Public / Private
    • Private
  • Project size:
    • Micro
    • Small
    • Medium
    • Large
  • E&S Risk category:
    • Category A
    • Category B
    • Category C
Total project investment
GCF Financing
  • Instrument Loan USD
  • Instrument Loan USD
Co-Financing
  • Development Bank of Southern Africa / Commercial lenders Loan USD
  • Development Bank of Southern Africa   USD
  • Shareholders Equity USD
  • Development Bank of Southern Africa Loan USD

Project owners

Accredited Entity Executing Entity
  • Development Bank of Southern Africa
Embedded Generation Investment Programme (EGIP) Approved February 2019 Est. implementation period 5.0 years
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.
Type
Document title
Published date
ESS report FP106 - DBSA - South Africa 01 Feb 2019
Approved funding proposal FP106 - DBSA - South Africa 21 Mar 2019
Accredited Entity
  • Development Bank of Southern Africa (DBSA) Mr. Olympus Manthata Tel: +27 11 313 5238 Mr. Muhammed Sayed Tel: +27 11 313 5240
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