Eligibility requirements: a guide to applying for funding
We believe in promoting sustainable and innovative projects that will help reduce the impacts of climate change, and to achieve this goal, we have established a set of eligibility criteria that must be met before applying for funding. By reviewing this page, you will gain a better understanding of what we are looking for in a project and whether your initiative is a good fit for our facility.
The pathway below condenses our full nine-step process into four clear phases.
Solar Hybrid Grids
Off-grid solar-hybrid mini-grids with battery storage for rural and peri-urban communities.
SDG 7 & 13Green Telephony
Solar-as-a-service for telecom towers, replacing diesel generators with clean energy.
SDG 13Productive Agro-Use
Solar-powered agro-processing hubs, irrigation pumps, and crop drying facilities.
SDG 2 & 7Clean Cooking & Cold Chain
SME CoolHubs, solar refrigeration, and clean cooking products for households and businesses.
SDG 13Solar Home Systems
Distributed solar home systems increasing household energy access across Nigeria.
SDG 7CFBF eligibility framework
01. Eligible Technologies & Sectors
Projects must be off-grid clean energy solutions such as solar mini-grids, solar homes systems, solar lanterns, fridges, pumps, driers and clean cooking products, small medium enterprise coolhubs and low carbon public transport or such other eligible projects as may be approved by the Funders.
Projects should increase energy access and/or productive use of energy.
02. InfraCredit Infrastructure Criteria
- Naira denominated
- Debt Instrument
- Acceptable Credit Profile based on InfraCredit's internal credit assessment
- Adequate Security Package
- Debt Tenor of up to 10 years
- Satisfies InfraCredit's Environmental and Social Safeguards Standards
- Is not on InfraCredit's Project Exclusion List
- Issuer is PENCOM Compliant
03. Compliance & Scale
- • Must comply with IFC Economic Sustainability and Governance Standards
- • Minimum of 1 active operational mini-grid site(s)
- • Scalable business model
04. Operational & Capacity Scale
Process for accessing funding from the Climate Finance Blending Facility
Checklist & request
Developer completes the preliminary readiness checklist and submits a formal Guarantee Request Letter to InfraCredit.
Origination check
InfraCredit conducts a preliminary assessment, confirms eligibility for facility support, and obtains internal New Business Committee (NBC) approval.
Mandate signing
InfraCredit completes Know Your Customer (KYC) verification and the Company executes the formal Mandate Letter.
Credit Committee approval
InfraCredit conducts a detailed credit assessment and obtains Board Credit Committee approval.
Due diligence
InfraCredit conducts comprehensive Environmental & Social (ESG), technical, and legal due diligence on the project.
Investment review
The Facility's Investment Committee/Adviser reviews project details and issues a formal No-Objection.
Facility approval
InfraCredit obtains final Facility Investment Approval and negotiates the co-financing agreements with the developer.
CP satisfaction
The Company satisfies all required Conditions Precedent (CPs) to closing.
Financial close
Execution of the local currency guarantee and successful co-financing disbursement.
Explore the facility portal
Find out if you are eligible
Take our interactive Project Readiness Assessment to quickly verify compliance against fatal requirements, estimate your qualifying scores, and fast-track your Guarantee Request. You can also download the complete Eligibility & Framework Factsheet for offline reference.