The Incubator Programme, dubbed the ‘Umoja Incubator’, invites aspiring developers in the renewable energy industry who have big ideas but lack the experience or financial capabilities to submit their proposals to the Serengeti initiative. The submitted proposals will be evaluated by the jury between June and September 2022. The winning project(s) will enter into a partnership with Serengeti Energy. Our goal is to give them the tools needed to succeed and positively impact their communities and these include access to commercial and technical knowledge, and eventually funding.
Looking for fully-funded opportunities, install the Youth Opportunities Android or iOS App here.
There is a strong opportunity of investing in renewable energy across sub-Saharan Africa. Although Africa has an enormous renewable energy potential and many local developers have already identified suitable sites, the lack of experience or development capital hinders meaningful project development. The Umoja Incubator addresses this situation by linking up strong early-stage renewable energy projects with access to development capital. Serengeti Energy has a solid ground presence, strong market knowledge and track record in developing and bringing renewable energy projects to markets. The Private Financing Advisory Network has been supporting renewable energy developers with advisory services to accelerate their development
Benefits
- The opportunity to engage with The Private Financing Advisory Network has been supporting renewable energy developers with advisory services to accelerate their development.
Eligibilities
- The application is open to any company with projects in sub Saharan Africa.
- Be submitted by its owner(s) or (jointly “owners”) or by its/their representatives
- Be located in sub-Saharan Africa (SSA)
- Not be located in a protected area as defined by IFC Performance Standard 6 and IUCN
- Use renewable energy technology (wind, solar and hydro only) with a size between 3MW-50MW and limited to a maximum of 25MW for hydro power projects
- Have passed the “idea stage” and at a minimum an MOU or EOI
- Have a viable offtake strategy and be located in a country with policies and regulations allowing IPPs
- Up to 30MW for hydro with little or small community impact as possible
Application Process
- Fill out the application form here https://www.serengetienergy.com/incubator/application-form/
Looking for fully-funded opportunities, install the Youth Opportunities Android or iOS App here.
Application Deadline: September 23, 2022
Application ClosedOfficial link
