The FEI Project Preparation Facility (PPF) will play a critical role in supporting projects to “financial close” through reimbursable grants, enabling FEI ON-GRID to deploy debt more effectively. The PPF is set up with the objective of covering the shortage of outright “bankable” small-scale IPPs and mini-grids. It is therefore expected that the Fund Manager will get involved in financial and legal structuring, as well as validation of technical feasibility studies (resource assessment, engineering, environmental and social, etc.), to bring projects to the finishing line.
• Mini-grid developers and small IPP developers
• Total project size of less than USD 30 million
• All RE feedstocks, but primary activity expected to be in solar PV, biomass, and small hydro
• Renewable + diesel hybrid mini-grids are eligible