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Monday, November 27, 2017

$100,000 up for grabs @solar ‘Shark Tank’ Competition

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 ITRealms.

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, ITRealms 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, ITRealms 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.

Nonye Dom/GEE

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