FP106
Embedded Generation Investment Programme (EGIP)
Embedded Generation Investment Programme (EGIP)
The GCF-DBSA Embedded Generation Investment Programme (“EGIP”) will support the implementation of renewable energy projects with a capacity of 330 MW, which is comprised of 280 MW Solar PV and 50 MW Wind.
This will be done through two components. The first component will provide credit support to private sector solar and wind Independent Power Producers established as special purpose vehicles that are backed by non-sovereign off-takers in order to enhance bankability of such renewable energy projects. The second component will provide credit support to special purpose vehicles, which are established and owned by Local Community Trusts (LCTs) and/or, Small, Medium and Micro-sized enterprises (SMMEs) to support such LCTs and SMMEs in obtaining and managing an equity ownership in local renewable energy sub-projects.
This programme has an estimated lifespan of 20 years.
Project timeline
Pipeline
06 Sep 2017 - 541 days
Concept note received
06 Sep 2017
Funding proposal received
08 Mar 2018
Cleared by GCF Secretariat
29 Nov 2018
Cleared by iTAP
01 Feb 2019
Approved
28 Feb 2019 - 336 days
Approved by GCF Board
28 Feb 2019
Legal opinion on AE's Internal Approval
14 Jun 2019
FAA executed
07 Oct 2019
Under implementation
29 Jan 2020 - 1,780 days so far
FAA effective
29 Jan 2020
Disbursement - USD 5,000,000
03 Nov 2021
To be completed
29 Jan 2025 - 49 days to go
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing5% disbursed
| Instrument | Amount |
|---|---|
| Loan | USD 58,000,000 |
| Loan | USD 42,000,000 |
| Total GCF Financing |
|---|
| USD 100,000,000 |
Co-financing
| Co-financer | Instrument | Amount |
|---|---|---|
| Co-Financing | Loan | USD 156,000,000 |
| Co-Financing | Loan | USD 104,000,000 |
| Co-Financing | Loan | USD 42,000,000 |
| Co-Financing | Equity | USD 77,000,000 |
| Co-Financing | Loan | USD 58,000,000 |
| Total Co-Financing |
|---|
| USD 437,000,000 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
Request for information
GCF Information DisclosureRequest information about this project
Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
Send e-mail
Entity
Development Bank of Southern Africa
Head, Climate Finance
1258 Lever Road, Headway Hill, Midrand, Johannesburg, South Africa
Climate Change Specialist, Climate Finance
1258 Lever Road, Headway Hill, Midrand, Johannesburg, South Africa
More contacts
National Designated Authority
Department of Forestry, Fisheries, and the Environment
Senior Policy Advisor: International Governance Management
Documents
| Title | Type | Date |
|---|---|---|
| 2022 Annual Performance Report for FP106: Embedded Generation Investment Programme (EGIP) | Annual Performance Report | 07 Nov 2023 |
| 2021 Annual Performance Report for FP106: Embedded Generation Investment Programme (EGIP) | Annual Performance Report | 21 Nov 2022 |
| 2020 Annual Performance Report for FP106: Embedded Generation Investment Programme (EGIP) | Annual Performance Report | 01 Oct 2021 |
| Gender action plan for FP106: Embedded Generation Investment Programme (EGIP) | Gender action plan | 03 May 2019 |
| Gender assessment for FP106: Embedded Generation Investment Programme (EGIP) | Gender assessment | 03 May 2019 |
| Embedded Generation Investment Programme (EGIP) | Approved funding proposal | 21 Mar 2019 |
| Environmental and social safeguards (ESS) report for FP106: Embedded Generation Investment Programme (EGIP) | Environmental and Social Safeguards report | 01 Feb 2019 |
News + Stories
GCF helps reduce renewable business costs in South Africa
07 Oct 2019 / The Green Climate Fund (GCF) will help drive down the price of renewable energy in South Africa by boosting the private sector’s investment in wind and solar power in a partnership with the Development Bank of Southern Africa (DBSA). GCF signed an agreement today with DBSA to reduce the cost of investing in South African renewables on the sidelines of GCF’s second Private Investment for Climate Conference.