Odyssey Energy Solutions

Financing
Programs

Odyssey is the leading platform for distributed energy finance

Powertrust

Live in OdysseyComing Soon / Program Closed

  • Countries: Brazil, Ghana, India, Indonesia, Laos, Singapore, Thailand. More to come. 
  • Type of projects: Mini-grids
  • Registration: Coming Soon

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Powertrust is co-leading the D-REC Initiative, which is a multi-stakeholder, industry-led initiative to create a global market for distributed renewable energy through an internationally standardized market instrument called the D-REC, or Distributed Renewable Energy Certificate. This innovative renewable energy certificate will support multiple Sustainable Development Goals (SDGs) by driving both social and climate impact, while bridging the current financing gap in the sector to directly address SDG7 – providing access to affordable, reliable, and sustainable energy for all by 2030. 

 

Powertrust connects renewable energy developers with the world’s biggest brands committed to achieving their net zero targets. Powertrust focuses on supporting projects located in regions with high carbon emission intensities, where additional clean energy can create 6-7x the climate impact of similar projects in more established markets, and where the energy provided creates strong social impacts by powering hospitals, communities, schools, farms, and factories where it’s needed most. 

CEI Africa 

Live in Odyssey Coming Soon / Program Closed

  • Countries: Benin, Democratic Republic of the Congo, Kenya, Madagascar, Mali, Sierra Leone
  • Type of projects: Mini-grids
  • Registration: Register here

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CEI Africa is a new finance facility aiming to increase access to affordable, reliable, and clean electricity with a focus on communities in ODA recipient countries in Sub-Saharan Africa that are not connected to the national electricity grid.

CEI Africa is a foundation incorporated by KfW on behalf of Germany’s Federal Ministry for Economic Cooperation and Development (BMZ) providing a one-stop-shop approach to financing by offering a combination of debt, equity, RBF grants and technical assistance to support access to energy for households, small and medium sized businesses and other relevant clients, like communal amenities (e.g. health centres, schools).

CEI Africa’s results based financing window is initially EUR 21M and focused entirely on GMGs. The CEI Africa debt/equity window is initially EUR 28M to be invested alongside Crowdlenders and local financial institutions in off- grid energy companies.

Universal Energy Facility (UEF) Stand-alone Solar for Productive Use (SSPU) 

Live in Odyssey Coming Soon / Program Closed

  • Countries: Nigeria
  • Type of projects: Stand-alone Solar for Productive Use 
  • Registration: Register here

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The Stand-alone Solar for Productive Use (SSPU) component of the Universal Energy Facility (UEF) is designed to scale up electricity access to households, micro, small and medium-sized enterprises (MSMEs) to power their income generating activities.
The SSPU programme offers results-based grant payments to eligible solar companies for verified end-user connections based on pre-determined standards. The programme will only support solar companies that provide end-user connections using the energy-as-a-service or lease-to-own business models.
The objectives of the SSPU programme includes:

  • Achieve over 480,000 end-user connections by scaling up the adoption of stand-alone solar systems and helping to alleviate the challenge of making upfront outright payment for MSMEs through sustainable business models.
  • De-risk investments in solar companies by supporting the expansion of their business operations through grant payments that can serve as a blended finance mechanism to crowd-in additional private capital.
  • Support Nigeria’s Energy Transition by displacing fuel generators and scaling up access to clean electricity for small businesses and households

Energy Peace Partners: P-RECs Financing

COMING SOON /  LIVE IN ODYSSEY / PROGRAM CLOSED

  • Type of Projects: Mini-grids
  • Learn more and apply here

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REA NEP Minimum Subsidy Tender

COMING SOON /  LIVE IN ODYSSEY / PROGRAM CLOSED

  • Countries: Nigeria
  • Type of Projects: Mini-grids

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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 57 sites to be tendered for Round 1, spread across four states: Niger, Sokoto, Ogun, and Cross River states. These sites will be packaged into lots by state, to encourage economies of scale in procurement and efficiency in operations.

NEP AfDB Productive Use Appliances & Equipment (PUE) 

COMING SOON /  LIVE IN ODYSSEY / PROGRAM CLOSED

  • Countries: Nigeria
  • Type of Projects: Productive use appliances and equipment
  • Registration: Register here

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The Productive Use Appliances and Equipment (PUE) Component of NEP aims to help increase the productive use of energy by facilitating the deployment of electric productive appliances and equipment in mini grid communities. Applicants will receive subsidies ranging from 30-60% off the Appliance and Equipment costs and verified transportation costs. The target grantees are Energy Access Companies (EAC) – companies providing access to electricity and electric appliances in rural and peri-urban communities powered by mini grids. Target beneficiaries are metered consumers of electricity from a mini grid.

GBE Côte d’Ivoire Productive Use RBF

Coming Soon / Live in Odyssey/  Program Closed

  • Countries: Côte d’Ivoire
  • Type of projects: Productive Use Equipment
  • Registration: Register here

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La GBE offre aux entreprises participantes des incitations financières (un type de subventions) pour chaque équipement productif éligible dont le système d’alimentation est en énergie renouvelable, vendu et installé aux clients finaux selon une approche commerciale. Les incitations sont payées après que les ventes sont rapportées et vérifiées (approche basée sur les résultats).

 

BRILHO Energy Mozambique

Coming Soon Live in Odyssey  /  Program Closed

  • Countries: Mozambique
  • Type of projects: Mini-grids, SHS, Improved Cooking Solutions (ICS)
  • Learn more

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BRILHO is a five-year programme, 2019 – 2024, that will catalyse Mozambique’s off-grid energy market in order to provide clean and affordable energy solutions to the country’s off-grid population. BRILHO’s overall goal is to improve and increase energy access for people and businesses, leading to money saving, better well-being and livelihood opportunities for the low income population. 

 

Distributed Renewable Energy Agriculture Modalities – DREAM

Coming Soon  Live in Odyssey  /  Program Closed

  • Countries: Ethiopia
  • Type of projects: Mini-grids, irrigation providers
  • Registration: Learn more about mini-grids here and register for the irrigation component here

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In Partnership with The Rockefeller Foundation, the African Development Bank through the Sustainable Energy Fund for Africa (SEFA), and the Agricultural Transformation Energy (ATA), The Ministry of Water and Energy (MoWE) of Ethiopia has launched a new agricultural productive use focused project named Distributed Renewable Energy-Agriculture Modalities (DREAM). The DREAM project is expected to transform household farmer-based Agricultural Commercial Clusters (ACCs) by providing reliable and affordable solar mini-grid power to enable large-scale cluster irrigation farming throughout the year.

 

DART Equipment Financing Facility Nigeria

Coming Soon  / Live in Odyssey /  Program Closed

  • Countries: Nigeria
  • Aggregated Procurement and Equipment Financing Facility
  • Types of projects: C&I Solar, Mini-grids, small-scale solar for productive use (SSPU)/ Solar Energy Systems (SES)
  • Registration: Register here 

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GBE Benin Productive Use RBF 

Coming Soon  /  Live in Odyssey /  Program Closed

  • Countries: Benin
  • Type of projects: Productive Use Equipment
  • Registration: Register here

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La GBE offre aux entreprises participantes des incitations financières (un type de subventions) pour chaque équipement productif éligible dont le système d’alimentation est en énergie renouvelable, vendu et installé aux clients finaux selon une approche commerciale. Les incitations sont payées après que les ventes sont rapportées et vérifiées (approche basée sur les résultats).

Energy Access Relief Fund (EARF)

Coming Soon  /  Live in Odyssey (EOI) /  Program Closed

  • 4-year tenure, subordinated, unsecured, low-cost, subsidized loans to viable companies that are facing liquidity challenges due to COVID-19
  • Primary focus on loans of less than $1M, within a range of $100K to $2.5M
  • Learn More

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The Energy Access Relief Fund (EARF) has been designed to provide up to 4-year tenure, subordinated, unsecured, low-cost, subsidized loans to viable companies that are facing liquidity challenges due to COVID-19. The fund intends to focus on the smaller to mid- sized energy access companies that are addressing the needs of the bottom of the pyramid consumers and expects to make about 90-100 loans. While the fund will seek to be as inclusive as possible, its primary focus is expected to be on loans of less than $1M, within a range of $100K to $2.5M.

Energy Access Relief Fund partners and capital providers continue to work toward a first close.

Universal Energy Facility (UEF)

Coming Soon  /  Live in Odyssey /  Program Closed

  • Countries: Madagascar, Sierra Leone, Benin
  • Type of projects: Mini-grids
  • Learn More

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The Universal Energy Facility is a multi-donor results-based financing facility that provides incentive payments to eligible organizations deploying energy solutions and providing verified end-user electricity connections (including mini-grids and solar home systems) and clean cooking solutions based on pre-determined standards.

More than 13 private sector mini-grid developers and industry associations supported the design of the Universal Energy Facility as an alternative to traditional tendering processes. Our approach is to support proven solutions and business models offered by experienced firms and organizations.

Innovative Project and Financing Solutions for Powering Health

Coming Soon  /  Live in Odyssey /  Program Closed

  • Countries: Tanzania, Kenya, Uganda, Rwanda, Nigeria, Ghana, Sierra Leone, Benin, Mozambique, Madagascar, Zambia, and DRC.
  • Type of projects: Health electrification
  • Learn more

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The Shell Foundation and Odyssey’s Powering Health Platform have developed a pilot program to test health facility electrification models in Sub Saharan Africa, in cooperation with UK Aid. The overall aim is to gather data and learn from the  business models and relationships from developers who are on the ground engaging in discussions on powering health facilities. These learnings will be shared with other donors in the sector who are interested in Powering Health programs at scale.

REA NEP COVID-19 Intervention Program

Coming Soon  /  Live in Odyssey /  Program Closed

  • Countries: Nigeria
  • Limited selection / invite only
  • Solar Power Supply to 100 Isolation and Treatment Centers

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This program will facilitate solar power supply to 100 isolation and treatment centers under the COVID-19 Intervention Programme of the Nigeria Electrification Project.

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

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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

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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

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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

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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

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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

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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

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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

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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
  • Type of projects: Mini-grids
  • Registration: Closed

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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.

The Nigeria Electrification Project – Solar Power Naija/5M Connections

Coming Soon Live in Odyssey  /  Program Closed

  • Countries: Nigeria
  • Total funding available: $350 M
  • Type of projects: Mini-grids and Solar Home Systems
  • Solar Power Naija Downstream (Minigrid/SHS) Registration: Invite only
  • Solar Power Naija Upstream Registration: Register Here

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The Federal Government of Nigeria to support the economic recovery in response to the COVID-19 pandemic has launched an initiative as part of the Economic Sustainability Plan (ESP) to achieve the rollout of 5 million new solar connections in off-grid communities. This program is expected to generate an additional N7 billion increase in tax revenues per annum and $10 million in annual import substitution.

OMDF OffGrid Market Development Fund (OMDF)

Coming Soon Live in Odyssey  /  Program Closed

  • Countries: Madagascar
  • Type of projects: Solar Home System.
  • Learn more

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OMDF or the Off-Grid Markets Development Fund provides financing to private sector companies and institutions working in the distribution of solar products (pico products and solar home systems) with the objective of accelerating access to sustainable electricity in Madagascar.

 

Off Grid Electricity Fund (OGEF)

Coming Soon Live in Odyssey  /  Program Closed

  • Countries: Haiti
  • Type of projects: Mini-grids and Solar Home Systems
  • Learn more

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The OGEF fund was launched by the Government of Haiti and is supported by the World Bank and financed by the Clean Technology Fund and the Scaling up Renewable Energy Program in Low Income Countries (SREP). OGEF is jointly managed by Bamboo Capital Partners and the Industrial Development Fund.

 

Check back here for updates

We are continually launching new financing programs in new countries!