Financial Nigeria Magazine

USAID invites applicatio­ns for funding off-grid solar projects in Africa

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The U.S. Agency for Internatio­nal Developmen­t (USAID) last month announced a new funding opportunit­y designed to increase private-sector investment in the household solar market. The funding window is designed under the Scaling Off-Grid Energy Grand Challenge for Developmen­t of the USAID.

The U.S. government agency said it will award a $4 million purse to multiple innovative, off-grid solar businesses working in sub-Saharan Africa. Estimated grant awards would range from $500,000 to $1.5 million.

Eligible businesses for the grants are early stage or early-growth stage

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