ElectriFI has emailed a confirmation of receipt to all applicant with a unique number for each project. The applications are currently being assessed. We expect to inform applicants of the outcome of the Phase 1 screening in the latter part of June 2016.

A small number of applications that successfully pass the Phase 1 screening will be invited to submit a more detailed Phase 2 proposal. Projects that pass the Phase 2 screening will be presented to the ElectriFI Investment Committee for Clearance in Principle. If the Investment Committee approves a project, ElectriFI will sign a Letter of Interest with the Sponsor and further due diligence will take place.

A second Invitation for Proposals is planned for the fourth quarter of 2016. Please contact ElectriFI on electrifi@edfimc.eu if you would like to receive the announcement.

ElectriFI will adapt the current terms and conditions to incorporate its learnings from the first invitation for proposals and potentially address a specific or wider range of partners and projects or business stages.

ElectriFI will select applicants through a two-stage process. During Phase 1 interested parties may submit applications that will be screened by ElectriFI (from 6 May 2016 onwards). Projects that successfully pass the Phase 1 screening will then be asked to submit more detailed Phase 2 applications. Projects that pass Phase 2 screening will be presented to the ElectriFI Investment Committee for Clearance in Principle. If the Investment Committee approves a project, ElectriFI will sign a Letter of Interest with the Sponsor and further due diligence will take place.

The primary objective of ElectriFI is the creation of new and/or improved electricity connections. Alternative activities that provide access to cleaner and more efficient energy use to end-users, including biogas and alternative clean cooking technologies, are also eligible.

This is in principle possible and we expect that some proposals will include such a component as part of the effort to contribute to increased or improved end-user access.

All renewable technologies (excluding first generation biofuels) are eligible. Combining renewable with non-renewable generation can be considered in exceptional cases if indispensable for the stability of the energy produced, or when this is considered to be the only viable solution for improving end-user access.

Solar Home Systems and clean cooking systems wholesalers and retailers are eligible. Financing options may include subordinated debt for working capital or guarantees or other risk capital foreseen under blending.

It is expected that several proposals will include hybridisation and rehabilitation components that are needed with the aim to increase or improve access to reliable affordable sustainable and modern energy services. .

A ElectriFI will choose financing instruments that are appropriate to the venture's needs. The ElectriFI's product portfolio includes quasi-equity instruments, subordinated debt, working capital facilities, development finance and guarantees.

All funding should be considered temporary in nature (i.e. not intended to form part of the long-term financing structure) and will only be provided when there are no other forms of private funding available in the market.

Crucial is the flexibility with which repayments will take place. They will - possibly - be linked to the success of the venture. Starting point is always the business case of the clients and with that the financing need of the client.

It is to the developers / investors to propose their case and preferred instrument. The specific terms of any financing will certainly be discussed and maybe adjusted with the phase two candidates.

In any case, ElectriFI funding will always be additional to what is available from other funders. I.e. we will not compete with for example commercial banks or funds.

Only if needed to take an existing pre-feasibility study of good quality to a feasibility study level to get to financial closing of the project. Generally, there is no type of study that is excluded as such but the exact type of technical assistance (TA) support that will be provided will be assessed on a case-by-case basis and in discussions between the delegate experts and the applicants concerned.

There are various ways, including in kind contributions (with direct expert advice) or through grants to be subsequently converted into subordinated debt. This depends on the TA size and effort to be needed for the proposals selected to receive such support. In case of in kind TA the applicant will be presented with the option to contact directly experts working for the ElectriFI team; in case of grants the beneficiaries could subcontract due TA. There is no type of study that is excluded as such but the exact type of TA support that will be provided will be assessed on a case-by-case basis and in discussions between ElectriFI and the applicants concerned.

The maximum amount that can be financed is EUR 5.0 million (or its USD or Local Currency Equivalent).

The minimum project size of EUR 500,000 is required to provide a platform in which ElectriFI can invest a significant amount of funding, which is a prerequisite for the fund management structure by a team based out of Brussels.

ElectriFI was not designed to become a majority shareholder in any venture. Therefore, ElectriFI will not provide more than 50% of the equity tranche in any venture.

On the debt side, we mainly foresee to provide the junior / unsecured / local currency / flexible debts. In those cases, ElectriFI will assess the broader picture, including the potential for senior funding to come in alongside ElectriFI's junior debt, either at the same time or later. The debt finance part of any venture can (often) exceed the equity amount invested by shareholders. Therefore, in specific cases, ElectriFI's EUR contribution to debt financing part of any venture can be higher than 50% of the equity amount in that venture.

The need for guarantees will depend on the project risks and contractual structure of the transaction.

Funding will be provided in line with market rates. Due to its inherent structure ElectriFI funding will be able to assume a high level of risk, and offer flexibility in payments of interest and principal: they will - possibly - be linked to the success of the venture.

ElectriFI funding cannot be applied to artificially increase the returns to the investors, nor to decrease the price for the end clients. It can be applied to take a higher risk or come in earlier stage than other development or commercial funders.

From a project life-cycle perspective, ElectriFI funding will be made available to eligible projects that have reached the "Active Development" stage. This is usually the point when most of the following have been achieved: (i) formal understanding reached with the Granting Authority, such as signed MoU; (ii) initial E&S; impact assessment; (iii) pre-feasibility assessment of sufficient quality

ElectriFI may considering funding hybrid projects (i.e. those employing both renewable and conventional power generation) only when a 100% renewable solution would not adequately meet end-user needs.

Yes, as long as the investments are made in a country that is on the country list.

The main actor to be targeted is the private sector. Company that are partly publically owned can apply.

Any of the above entities could apply, as long as they are the main Sponsor driving the Project.

One applicant can issue several applications, in so far as it concerns separate ventures/projects.