Organisation : Industrial Development Corporation (IDC)
Facility Name : Energy Sector Funding
Country : South Africa
Website : https://www.idc.co.za/energy/
What is IDC Energy Sector Funding?
Facilitating Economic Development through Cleaner Energy, the Energy Strategic Business Unit (SBU) was formed in 2020 to consolidate and focus the previous Green Energy mandate of the Industrial Infrastructure Unit in facilitating the energy transition and ensuring sustainable energy security in South Africa and the rest of the continent in support of growing economies.
Related / Similar Facility : IDC Chemicals, Medical & Industrial Mineral Products Funding
The South African energy sector is currently undergoing several impactful transformations, moving from traditional fossil fuel power sources to lower carbon environmentally sustainable technologies and business models such as Renewable Energy (e.g. Solar PV, Wind, Biomass and Hydropower), Energy Storage Technologies, Green Hydrogen, Distributed Generation, Mini and Micro Grids, Energy Efficiency and Management, etc.
Who & What We Fund?
The SBU provides funding in the following sub-sectors of the value chain:
1. For own use by companies in the Commercial & Industrial (C&I) space,
2. By Independent Power Producers (IPPs) for sale under long term off-take agreements, such as Power Purchase Agreements (PPAs) to:
** Energy Intensive Users, such as mines, chemicals processing companies, smelters, etc.
** Other C&I companies
** Eskom under any of the Government’s Independent Power Producers Procurement Programmes, e.g., RMIPPPP, REIPPPP bid windows, etc.
How To Apply For IDC Energy Sector Funding?
Application for funding should be in writing and should include an executive summary and a business plan.
Step-1 : Business Plan
Draw up a well-researched business plan, stating a compelling case for funding
Step-2 : Register Online
Applications can also be submitted at the IDC office
Step-3 : Upload Application
Upload your application with the relevant documents, certificates and business plan
Step-4 : Process Application
IDC will confirm that it has received your application. While processing we may ask you to supply extra information or documentation
Step-5 : Approval Status
IDC will give you feedback on the outcome of your application, in writing. If your application is successful, due diligence will be conducted on your business.
Step-6 : Loan Contract
Once the IDC has satisfied itself of your bona fides, you will be asked to sign a loan contract
Step-7 : Begin Funding
Apply For Funding Now : https://protected.idc.co.za/clientportal/Home/Index?ReturnUrl=%2Fclientportal%2F
FAQ On IDC Energy Sector Funding
Frequently Asked Questions FAQ On IDC Energy Sector Funding
Examples of Energy Generation Opportunities That We Can Consider For Funding Support Include:
** Renewable Energy (Solar & Wind) deployments
** Gas-to-Power
** Biomass-to- Power
** Hydropower
** Coal to power technologies with proven carbon sequestration processes and complying to emission standards
** Micro & mini grids
** Proven Energy Storage technology deployments
** Cooling-as-a-Service
** Heating-as-a-Service
** Deployment of Fuel Cells
** Waste-to-Energy
** Heat-to-Energy
** Green Hydrogen
Investments in the Rest of Africa :
The project must be of direct benefit to South Africa in any of the following ways:
** Must promote regional economic development with linkage to SA
** Upstream / Downstream businesses within IDC value chains
** Must develop and integrate regional value chains in line with IDC priority sectors
** Must support the implementation efforts of the AFCFTA in order to entrench the development of regional VCs and a move away from a reliance on offshore supply chains
The minimum size of the total project funding requirement must be:
** R5-million SACU-based investments
** USD 3 million for SADC-based investments
** USD10-million for investments in countries outside SADC
** Rand, US Dollar and Euro-based funding are available.