Skip to navigation

Skip to content

ITF Home page

GET FiT Premium Payment Mechanism

Region
Eastern Africa
Sector
Energy
Scope
IG
Grant Amount
EUR 20,000,000
Total project cost
EUR 427,600,000
Status
Under disbursement
PFG Lead Financier
KfW

The main objective of the GET FiT Program is to assist East African nations in pursuing a climate resilient low-carbon development path resulting in growth, poverty reduction and climate change mitigation. The roll-out of the program will start in Uganda in Phase 1 and is intended to fast-track a portfolio of currently 17 small-scale RE generation projects promoted by private developers with a total installed capacity of currently roughly 150 MW MW and approximately 800 GWh production p.a., transforming Uganda’s energy mix within a period of 3-5 years. In addition through the EU-AITF funding, the first grid-connected solar PV projects are to be facilitated, providing an additional generation capacity of approximately 20 MWp/ 30 GWh.

The EU-AITF SE4ALL Investment Grant of EUR 20 million will be used to make small-scale renewable energy generation projects − between 1 MW and 20 MW installed capacity − financially viable. It will co-finance a Premium Payment Mechanism which will enable such projects to reach financial close and implementation. The payment of this premium will increase the regulated feed-in tariff to a sustainable level and support, in particular, the Solar Facility with the aim of introducing the first grid-connected solar PV plants to Uganda. The first solar plant has been commissioned in November 2016, the second plant in September 2017.

 12/2017

Press article 16.11.14 - Uganda top in attracting renewable energy investors

____________________________

Link to GET Fit website