Support for enterprise development in developing countries 2023 – Concept note

The grant scheme aims to contribute to sustainable economic growth in the renewable energy sector, which is key for many developing countries. Consideration will also be given to projects in other sectors where there is an element of renewable energy.
Grants are intended to reduce risk prior to investment decisions. Grants can support feasibility studies, training of local staff, guarantee and risk premium subsidies in the long-term financing of renewable energy projects, or limited pilot funding.
The grant will cover up to 50% of the incurred project development costs and the applicant shall finance the remaining 50%. The minimum grant amount will be NOK 500,000. Applications for amounts under NOK 500,000 will be rejected. Applicants applying for support to more than one project that together amount to more than NOK 500,000 will be considered.