AFD Green Energy Fund




AFD Green Energy Fund provides finance to renewable energy and energy efficiency projects of smaller scale and manufacturing of Green products in South Africa.

Qualifying Criteria

  • Renewable Energy (RE):
    • Solar and biomass; and
    • Other technologies are considered on a case by case basis.
  • Energy Efficiency (EE):
    • A maximum of 200% increase in production capacity is allowed for expansion projects; and
    • Greenfield operations are considered on a case by case basis.
  • AFD funds are blended at a leverage level of at most 50% funding from IDC; and
  • No refinancing.

Instruments and Pricing

  • Total investment cost not higher that 25% of the Facility (ca R250 million per project);
  • Normal risk pricing with a cap of Prime + 1.6% or an equivalent fixed rate;
  • Minimum investment period of 3 years;
  • Maximum payback based on energy savings of 8 years; and
  • Standard IDC fees apply.