Financing
Programs

Odyssey is the leading platform for distributed energy finance

REA NEP Output Based Grant Program (SHS)

Coming Soon  /  Live in Odyssey /  Program Closed

  • Countries: Nigeria
  • Total funding available: $60 M
  • Expected number of connections: 1,500,000 households and micro-enterprises (across the NEP SHS Component)
  • Type of projects: Solar Home Systems
  • Registration: Register here

Expand

Implemented in partnership with the World Bank, the SHS component of NEP aims to help capable solar providers reach more rapidly underserved Nigerian households and micro enterprises (MSMEs) and provide access to better energy services at a lower cost than their current service. The target beneficiaries are those that lack connection to energy services and do not expect a connection in a timely manner or suffer from unreliable and expensive power.

REA NEP Performance Based Grant (PBG)

Coming Soon  /  Live in Odyssey   /  Program Closed

  • Countries: Nigeria
  • Total funding available: $80 M
  • Expected number of connections: 300,000 households & 30,000 local enterprises (across the NEP Solar Hybrid Mini Grids Component)
  • Type of projects: Mini-grids
  • Registration: Register here

Expand

Implemented in partnership with the World Bank, the Mini Grid Performance-Based Grants (PBG) Program aims to close the viability gap for mini grids developed on a spontaneous basis. Grants of US $350/connection are available on a first-come, first-served basis. Eligible projects are solar and solar hybrid systems in unserved areas, with generation capacity of not more than 1MW.

Programme Haïtien d’Accès des communautés Rurales à l’Energie Solaire (PHARES)

Coming Soon  /  Live in Odyssey  /  Program Closed

  • Countries: Haiti
  • Total funding available: $11.5 M
  • Type of projects: Mini-grids
  • Registration: Register here

Expand

Le Programme PHARES (Programme Haïtien d’Accès des communautés Rurales à l’Energie Solaire) est lancé par le Gouvernement Haïtien avec l’appui initial des programmes de financement HA-L1140-Amélioration de l’Access à l’électricité en Haïti financé par la Banque Interaméricaine de Développement (BID), et TF0A5191-Projet Energie Renouvelable pour Tous financé par le fonds SREP à travers la Banque Mondiale (BM).

PHARES est développé par le Gouvernement Haïtien en étroite collaboration avec la BID et la BM, et mis en œuvre par le Ministère des Travaux Publics, Transports et Communications (MTPTC), à travers sa Cellule Energie qui est l’Autorité compétente à mener le Programme, l’Autorité Nationale de Régulation du Secteur de l’Energie (ANARSE) et l’Unité Technique d’Exécution du Ministère de l’Economie et des Finances (UTE-MEF), comme agence d’exécution1.

L’objectif principal de PHARES est d’augmenter l’accès des communautés rurales et péri-urbaines à l’énergie solaire et en particulier de fournir l’accès à l’électricité abordable, accessible, durable et de haute qualité, par des services énergétiques durables, à travers de mini-réseaux utilisant des énergies renouvelables, du stockage et des unités de production conventionnelles (si nécessaire), et développés et exploités par des opérateurs du secteur privé. Dans ce mix, au moins 50 % de l’énergie produite et consommée doit être générée à partir des énergies renouvelables. Le programme prévoit l’attribution de subventions pour assurer la durabilité des services fournis et un accès à ces services à des coûts abordables pour les utilisateurs.

The PHARES Program (Programme Haïtien d’Accès des communautés Rurales à l’Energie Solaire) is launched by the Government of Haiti with the initial support of the funding programs HA-L1140-Improving Electricity Access in Haiti funded by the Inter-American Development Bank (IDB), and TF0A5191- Renewable Energy for All Project funded by SREP funds through the World Bank (WB).

PHARES is developed by the Government of Haiti in close collaboration with the IDB and the WB, and implemented by the Ministère des Travaux Publics, Transports et Communications (MTPTC), through its Energy Cell which is the competent Authority to carry out the Program, the Autorité Nationale de Régulation du Secteur de l’Energie (ANARSE) and the Unité Technique d’Exécution of the Ministère de l’Economie et des Finances (UTE-MEF), as executing agency.

The main objective of PHARES is to increase the access of rural and peri-urban communities to solar energy and in particular to provide access to affordable, accessible sustainable and high quality electricity, through sustainable energy services, through mini-grids using renewable energy, storage and conventional generation units (if necessary), developed and operated by private sector operators. In this mix, at least 50% of the energy produced and consumed must be generated from renewable energy sources. The Program provides subsidies to ensure the sustainability of the services provided and access to these services at affordable cost for the users.

Trine C&I Debt Facility

Coming Soon  /  Live in Odyssey  / Program Closed

  • Countries: Nigeria
  • Types of projects: Commercial & Industrial (C&I)
  • Registration: Register Here

Expand

Dedicated financing facility for Commercial and Industrial solar projects in Nigeria. 

ESSOR

Coming soon  / Live in Odyssey  /  Program Closed

  • Countries: Democratic Republic of Congo
  • Expected number of connections: 45,000 connections
  • Type of projects: Mini-grids

Expand

Dedicated financing facility for Commercial and Industrial solar projects in Nigeria. This financing opportunity from Trine is debt facility for C&I Solar projects in Nigeria. Project developers can now directly apply for financing from Trine for their C&I projects on the Odyssey platform.

REA Interconnected Mini-grid Acceleration Scheme (IMAS)

Coming Soon  /  Live in Odyssey  /  Program Closed

  • Countries: Nigeria
  • Total funding available: EUR 3 M
  • Expected number of connections: 15,000
  • Type of projects: Interconnected Mini-grids
  • Registration: Closed

Expand

The IMAS aims at providing a minimum of 75,000 people or 15,000 customers (incl. residential, public, commercial or productive users using single phase or three-phase effective connections ) with access to reliable electricity services at an affordable tariff via privately-led solar interconnected mini grid projects in Nigeria by September 2020. The selected bidders will be supported with partial capital (in-kind) grants and technical assistance on project development provided by the REA (using funding from NESP).

REA Mini-grid Acceleration Scheme

Coming Soon  /  Live in Odyssey  /  Program Closed

  • Countries: Nigeria
  • Total funding available: EUR 6 M
  • Expected number of connections: 21,000
  • Type of projects: Mini-Grids with Productive Uses
  • Registration: Closed

Expand

The Mini-grid Acceleration Scheme (MAS) will aim at providing a minimum of 21,000 customers (including residential, public, commercial or productive users using single phase or three-phase effective connections) with access to reliable electricity services at an affordable tariff via privately-led off-grid solar mini-grid projects in Nigeria by the end of July 2020. MAS focuses on productive use business models.

ECREEE – 3rd Call of the ECOWAS Renewable Energy Facility (EREF)

Coming Soon  /  Live in Odyssey  /  Program Closed

  • Countries: Benin, Burkina Faso, Cabo Verde, Côte d’Ivoire, the Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo
  • Total funding available: $1.2 M
  • Expected number of connections: 1,000
  • Type of projects: Mini-Grids

Expand

The third ECOWAS Renewable Energy Facility (EREF) aims to create a favourable investment and business environment which leads to accelerated deployment and use of RE&EE technologies and services in per-urban and rural areas of West Africa. This EREF call provides non-reimbursable co-funding grant for the capital expenditure in clean energy mini-grids in rural and peri-urban areas including those initiatives that support productive uses of electricity (PUE).

The Nigeria Electrification Project – Minimum Subsidy Tender

Coming Soon  /  Live in Odyssey  /  Program Closed

  • Countries: Nigeria
  • Total funding available: $70 M
  • Expected number of connections:
  • Type of projects: Mini-grids
  • Registration: Closed

Expand

Implemented in partnership with the World Bank, the Mini Grid Minimum Subsidy Tender aims to kick-start the Nigerian market and catalyze mini grid deployment at scale. Mini grid developers will compete on the basis of quality (technical proposal) and price (minimum subsidy requirement) to build, own, and operate solar hybrid mini grids. The REA will provide the minimum subsidies required to the successful proposers. The REA has prioritized 250 sites to be tendered, spread across four states: Niger, Sokoto, Ogun, and Cross River states.

Check back here for updates

We are continually launching new financing programs in new countries!

Get in Touch

See what Odyssey can do for you.