Somalia: Grant Funding Available for Renewable Energy and Climate Technology Companies

Funding is available for private sector companies and microfinance institutions that are commercially active in the renewable energy market in the Federal Republic of Somalia (FRS). Qualifying companies will receive grants of between US$100,000 and US$1.5 million which is awarded upon the achievement of mutually agreed milestones. The grants will be given to commercially-viable companies out of which 25 percent will be women-owned or -managed.

Related news: 2MW Solar PV system commisioned in Somalia

“This initiative promotes private sector investment and innovations in low-cost clean energy solutions. The companies that will receive grants and technical assistance must deliver affordable and quality clean energy products and services that benefit the rural and peri urban poor; especially women,” said Victoria Sabula, CEO of the AECF.

This is the second round of REACT SSA competition in Somalia, following the successful funding award to several companies in the first round of the competition. Companies operationally based in, or strategically planning to invest in Hirshabelle, Southwest, and Banadir are highly encouraged to apply for this call, since they were the least represented states during the first round of the competition.

Link for the term sheet and application process HERE 

Good luck!

Author: Bryan Groenendaal

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