$100 Million Green Energy Fund Programme
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- $100 Million Green Energy Fund Programme
$100 MILLION GREEN ENERGY FUND PROGRAMME
About Green Energy Fund Programme (GEF-P)
A partial risk guarantee programme from the African Guarantee Fund (AGF) that will enable access to the available local currency concessional loans (also known as intervention funds) from the following local development banks via local commercial banks in Nigeria:
- Central Bank of Nigeria (CBN)
- Development Bank of Nigeria (DBN)
- Bank of Industry (BOI)
The objective of the programme is to ease access to, and flow of, flexible funding/finance for clean energy developers in order to provide clean and dependable electricity to households as well as clusters of micro and small businesses, and industries.
FUND SIZE | N36BILLION ($100MILLION) |
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OBLIGOR TYPE(S) |
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END-USER(S) |
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TARGET MARKET |
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ELIGIBLE GREEN PROJECTS** |
|
USE OF LOAN PROCEEDS |
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TRANSACTION TYPES |
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SINGLE OBLIGOR LIMIT / PROJECT SIZE |
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EQUITY CONTRIBUTION |
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PRICING |
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TENOR |
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MORATORIUM |
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ASSET VENDOR / PURCHASE |
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SECURITY AND CONTROLS |
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DEFINITION OF HYBRID SYSTEM
A hybrid system is defined as the blend or combination of any renewable energy technology and any between Fossil Fuels (fuel or diesel) and Gas.
Renewable energy technologies are:
- Solar
- Wind
- Micro-Hydro
- Biomass
- Energy Storage Systems
- Energy Efficiency
Co-managers: Climate Finance Advisory Limited (CFAL) and Vetiva Capital Management Limited.