The Sustainable Energy Fund for Africa (SEFA) and partners have launched the second West Africa Clean Energy Finance Forum (WAFCEF-2).

The purpose of the forum is to reach out to and attract potential start-ups and existing companies with promising clean energy projects to enter into the business plan competition.

West African businesses selected through the business plan competition will receive free mentoring to help them polish their business plans, develop convincing investment pitches, and formulate a commercially, financially, socially and environmentally viable growth strategy that in turn will significantly enhance the possibility of obtaining financing.

The WAFCEF-2 final forum will be held in April 2015 where up to 10 qualified projects will have the opportunity to present their Business Plans to invited investors and make a pitch for financing.

As part of the competition, an expert panel including investors, industry specialists and business executives with a keen interest in enabling cleaner and greener projects in West Africa, will judge the finalists’ presentations and select the top three projects for the West African Clean Energy Financing Awards.

At the launch of the competition, Joao Duarte Cunha, SEFA Coordinator, noted that “WAFCEF is all about preparing a solid business plan for engaging with financiers. In this regard, all participants in WAFCEF are winners from the start”.

Eligibility requirements include clean energy projects in an ECOWAS country not exceeding US $50 million. For more information on the terms and conditions of WAFCEF II, see the documents in the documents section on the side of this page (guidelines for the competition and the application form for the project).

 

Submissions

Submission must be made on the Excel project data sheet/application form and sent to wafcef-2@cti-pfan.net  by 23:59 GMT on 7 October 2014.