Apply for SUNREF Nigeria Credit Line

Welcome to the SUNREF Nigeria Application

Please read all the following information carefully before proceeding to the Online Application Form. If you have read all the information, you have prepared your project to meet the eligibility criteria and are ready to submit your application, press on this link: 

 

If you want to download the SUNREF Brochure and other application documents such as the Approved Vendors List, please go to this link: 

Process for Selection and Management of Projects

The sub-project origination activities occur at the interface between marketing activities and support to sub-project development through the following. (i) directly by SUNREF or (ii) in the pipelines of the Partner Banks or (iii) through MAN’s network. The identification of sub-projects will be carried out through two separate calls for proposal scheduled for August 2020 and January 2021. 

 

Any project sponsor (PS) with knowledge of the SUNREF facility and interested in benefitting from the financial and technical mechanism can lodge applications through a process described as follows:

Stage 1: Preliminary Contact

Stage 2: Preliminary Screening 

            Option 1                                                                                    Option 2

             Feasibility Study                    NSMEL Approach

Stage 3: In Depth Analysis

Stage 4: Implementation

Stage 1: Preliminary contact

  • Step 1: The PS may reach out directly to SUNREF through contact details provided at end of this document. Also, the PS may also reach-out to the Partner Bank (PB) who informs SUNREF of each contact with a new PS  

 

  • Step 2: The PS will receive an email from SUNREF with a link with instruction on how to submit online application for initial verification. SUNREF will discuss the project with the PS, evaluate its feasibility potential, technical and financial results and share a link with an email to access application instructions

Applications must be submitted online though the SUNREF Application Site. To Review the required application information please go here:

Stage 2: Project preliminary screening

Project preliminary screening

•          Step 3: TAC will check if the project is likely to meet the criteria of eligibility.  If not, the process ends. If yes, the TAC will contact SUNREF Nigeria’s local PB. The Bank may confirm its interest or request for additional information. The PS is informed in return how the Programme can help in implementing a project, and if the facility can meet his needs. 

 

•          Step 4: Qualified and selected Projects will receive technical assistance from SUNREF experts to support bankability of the project. Two scenarios are foreseen:

  •  The project is a small-scale project and based on a standardised approach (Option 1);

  •  The project is not a small-scale project OR not based on a standardised approach (Option 2);

 

Option 1: Small scale project, Approved Vendors List and the Nigeria Standardized Measures and Equipment List (NSMEL):

 

If the project loan amount is below USD $300,000 (corresponding to “small scale”), it is being implemented by someone of the Approved Vendor List and it likewise meets the technical standards of the NSMEL the project can benefit from a fast-track application process.

 

A List of Eligible Measure and Equipment (NSMEL) and a list of Approved Vendors defines the standardized measures and equipment that are eligible to be financed under the Programme.

 

If a Project Sponsor (PS) has a small-scale project, he should carry out the following steps:

 

  1. Contact one of the suppliers on the SUNREF Nigeria Approved Vendors List (APL). Link: Approved Vendors List

  2. The PS has to check whether the measure/equipment of his project is included in the NSMEL or not. (Approved vendors will be familiar with the SUNREF requirements and will help design a project that meets all the criteria)

  3. If not, it is possible that the measures/equipment that the PS intends to implement is eligible, but was not identified by the TA team so far. The PS can apply for including a measure/equipment to the TA. The TA will check if the proposed measure/equipment is eligible, and will update the NSMEL. Whatever the decision, the PS is informed of the inclusion or non-inclusion.

  4. If the project is too complex to benefit from the standardized NSMEL approach, it will not be instructed under the fast-track standardized measure or equipment approach. However, it may be instructed under the non-standard approach (option 2).

  5. If the project is installed by an approved vendor and meets the NSMEL standards, SUNREF will foro its veting, due diligence and selection procces. In this way the  PS saves time, avoids SUNREF rejection and can contact directly a Partner Bank (PB) to initiate the loan negotiation process up to the signature of the financing mandate. The PB is independent to instruct the loan demand and to decide to grant the loan.

 

If the loan process is a success, the PS will be in charge of the implementation and completion of their project. Then Stage 4: project implementation and monitoring

 

Option 2: large scale project or non-standard measure or equipment

 

If the project is greater than USD300 000 debt financing and/or non-standard material or equipment (not includable in the NSMEL), an individual review of the project has to be done by the TA team to assess the eligibility and the technical-economic consistency of the project and the following three scenarios applies

 

If the project is properly defined (i.e. Feasibility Study completed)

The Project Sponsor communicates the Feasibility Study to the TA team who will check that it is comprehensive and enough detailed to enable a detailed review of the project.

If the FS is comprehensive  then Stage 3: Project full screening

If not, the project is considered as not properly defined.

 

If the project is not properly defined

If the project is only defined as an idea of the potential project, or if the detailed study/feasibility study is not completed, the TA can provide the PS advice based on the documents they will provide. The general case consists of a review of a pre-existing audit or pre-feasibility study by the TA team. 

 

In the case of a promising project, an audit or a pre-feasibility study can be conducted by the TA team. Before the audit or pre-feasibility study is carried out, the PS will have to express his commitment to continue the process by issuing a letter of commitment to complete the Program process. If the results of the audit and/or pre-feasibility study are inconclusive, PS will have to produce a feasibility study to continue the process. If the results are negative, the process ends.

You can download the Nigerian Standard Measurements and Equipment List (NSMEL), the SUNREF Approved Vendor List and all other application file here: 

Stage 3: Project in-depth analysis

Each non-standard project will undergo an in-depth analysis by the TA team. The PS has to provide the TA team a feasibility study / detailed study to enable this task. An application form will summarize the key figures of the project. The TA team can help the PS in filling the application form. The TA checks if the project, as defined in the feasibility study / detailed study, meets the criteria of eligibility

For sub-projects eligible for additional studies to fulfil requirements. The TAC will define the needed complementary studies for interesting sub-projects and will validate this list with MAN and the AFD. For promising cases, when complete detailed audits or feasibility studies are required to properly build eligible projects, or for projects with a high replication potential, the TAC will offer assistance to the sponsors in carrying out the studies with the following options:

 

  1. When the required study needs limited resources, i.e. less than €15,000, the Team Leader may decide that the study will be carried out by the TAC experts.

  2. For cases of specific interest, a study over € 15,000 and lower that € 30,000 may be carried out by the TAC experts, after approval by MAN and no-objection from  AFD (on the Terms of Reference / experts profiles and the final Deliverable).

  3. Above € 30,000, the support is funded with the PPF (project preparation fund). The TAC will support the sponsor in writing the Terms of Reference of the study, estimating the cost, selecting the provider and ensuring the quality control of the study. In any case, a study shall not cost more than € 80K.

 

For support that would require more funding, the TAC will direct the sponsors to appropriate existing initiatives (if any). The envelope of the PPF is €800,000. 

Such support is free of charge to the sponsor but requires its full commitment to provide data and information about the sub-projects. As the in-depth analysis mobilizes significant resources of the TA team, it is required that a partner bank (PB) expresses its interest via a letter of interest.

Then, with the agreement of AFD, the PS project will undergo a full technical and financial screening to assess the robustness of the project and the technical and economic coherence of the business plan. A site visit may be necessary. The PS may have to provide additional documents or arguments to justify the project (design, strategy…). The PS is asked to make themselves available and deliver the relevant existing documents to enable an efficient site visit and project in-depth analysis.

If the review is conclusive, the TA will propose a certificate of eligibility for the project to AFD. With the agreement of AFD, the certificate will be communicated to the PS and subsequently to the PB.

Stage 4: Project implementation and monitoring

Once AFD has released the drawing right to the PB based on the Eligibility Certificate, the PS is in position to finalize the loan negotiations with the partner bank of his choice. The PS enables the TA team to communicate with the partner bank of his choice to help the PB in instructing the project.

 

The PS is responsible for the project implementation and undertaking planned investments. Within this period, the TA will monitor the project implementation through periodic communication with the PS. At the complete implementation of the project, the PS will inform the TA.

Meeting the SUNREF Eligibility Criteria

All projects submitted under the SUNREF Partner Bank credit line must be Investments in energy efficiency or renewable energy as well as include the required Technical Information.

You can download the SUNREF Nigerian Eligibility Standards or any other application file click here: 

For the RE Project Criteria please go here:    
        
For the RE Technical Information please go here: 
For the EE Project Criteria please go here:  
          EE  Project Criteria
For the EE Technical Information please go here:
For the Financial Criteria please go here:              
 
Environmental & Social Documentation Requirements from Project Sponsors (Borrowers)
 
All projects will need to meet Environmental & Social Documentation Requirements. For the ESM requirements please go here:
 
Meeting the SUNREF Partner Banks Credit Risk Criteria
Once you have submitted your application, SUNREF Nigeria will vet it to ensure that it meets AFD's Eligibility Criteria and then submit your application to a Partner Banks for their credit review process. Banks in Nigeria have notoriously strict Credit Risk Requirements so please make sure you can meet the following criteria by our Partner Banks.
For the Partner Bank Credit Risk Criteria please go here: 

Once you have finished preparing your application, please click on the Link below, to go to the online application.

Link: 

If you want to download the SUNREF application documents please go to this link: 

If you have any questions regarding the application process or about the SUNREF Project please send your queries to Sunref.nigeria@winrock.org.