The Dutch development bank, FMO
and Access Power, a leading
developer, owner and operator of power projects in emerging markets, have
jointly launched the 2018 FMO
Access Power Solar 'Shark Tank' Competition, seeking submissions for a
solar projects, while dangling US$100,000 grant, reports NaijaAgroNet.
The call for 2018 submission follows the successful completion
of the first installment in 2016 at the ‘Making Solar Bankable’ conference. The
initiative is aimed at helping local solar power developers that require
development support to make their innovative solar projects more impactful.
To be considered for the grant, NaijaAgroNet gathered that the
proposed projects must be located in Asia, Africa or Latin America and be based
on solar PV technology, in addition to meeting the capacity criterion of 10MW
or more, and be at an advanced stage of development. Further, eligible projects
should have an innovative or impactful angle to the project that could be developed
with support of the grant.
Proposals, NaijaAgroNet
also reports, will be screened and scored by a pre-selection committee assembled
by FMO and Access Power, while the top four shortlisted will be invited to
present their projects and answer questions from a panel of judges in front of
a live audience on the 15th of February 2018 during the second edition of the
'Making Solar Bankable' conference, co-organized by FMO and Solarplaza in
Amsterdam, Netherlands on 15 and 16 February.
“The winning project will be announced at the end of the
session during the event,” the organisers disclosed, adding that the winner
will receive a $100,000 grant towards the development costs of their project
from FMO and Access Power.
Isaac Oyimah/ED, Ops
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