- Three energy developers have received financing for productive energy use by CCISA
The United Nations Environment Programme (UNEP) has launched a challenge in connection with its Clean Captive Installations for Industrial Clients in Sub-Sahara Africa (CCISA) program. The program has selected three companies specialising in solar energy for productive use.
The organisations to receive this funding are Ecoligo, Tree Sea.mals and Ofgen. Ecoligo has committed to setting up a special purpose vehicle (SPV) that will finance a portfolio of projects for industrial and commercial clients (C&I). The company will receive a grant from the program (CCISA). Ecoligo’s SPV will be financed through both crowdfunding and secured institutional lenders.
Tree Sea.mals will also receive a grant from the CCISA program. The funding is for establishing solar-powered cold storage facilities to reduce post-slaughter meat losses. The organisation founded by Tracy Kimathi will conduct a pilot project to prove the viability of its business model. This project will also help scale up the franchise models for replication in other countries.
Nairobi, Kenya-based solar energy provider Ofgen will use the CCISA grant to set up an SPV to raise local currency (Kenyan shilling) to develop solar power plants for C&I. The expected cumulative capacity of these projects is 14 MWp. Ofgen will offer regional currency power purchase agreements (PPAs) for hybrid solar systems to an increased number of commercial and industrial users.
UNEP implements the CCISA program in partnership with the Frankfurt School-UNEP Collaboration Center for Climate and Sustainable Energy Finance. The program is also supported by the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety.