US-ACEF is an innovative, collaborative financing mechanism aligning U.S. government resources in new ways to catalyze significant private sector investment primarily focused on African renewable energy infrastructure. The three main partners under the program are the U.S. Department of State, USTDA, and the Overseas Private Investment Corporation (OPIC). Under the $30 million program, USTDA will leverage its project planning expertise to support activities both eligible for and currently in OPIC's pipeline for private-sector transactions as well as that of other financiers. The program will help ensure that otherwise technically and financially sound projects are implemented, rather than falling short because of lack of funding for critical "last mile" activities.
Please review the list of US-ACEF Eligible Countries.
US-ACEF funding will be considered additional if it achieves one or more of the following objectives:
Clean energy activities eligible for US-ACEF funding support include, but are not necessarily limited to, the following areas: wind, solar, geothermal, hydropower, biomass and other sustainable sources of energy, which will reduce carbon emissions, improve access to electricity for remote populations and support economic growth. "Clean energy investment" is defined as investment, including financing and insurance, that:
US-ACEF will also support projects that promote energy efficiency, including electricity grid loss mitigation activities, energy efficiency building solutions, and other investor-driven activities that mitigate the need for new power generation.
USTDA encourages applicants to contact USTDA at Africa@ustda.gov PRIOR to submitting an application.