IDC – Green Energy Efficiency Fund

The Industrial Development Corporation (IDC) in association with German development bank KfW has announced a R500 Million Green Energy Efficiency Fund aimed specifically at businesses without the access to ready capital to finance efficiency interventions.

The fund offers loans at prime minus 2% for anything from R1 Million to R50 Million. The loan period will vary depending on expected payback, but can be up to as much as 15 years.

The fund is for the private sector companies registered and operating in South Africa. Priority will be given to companies that have less than or equal to:
a) R51.0 million turnover or
b) R55.0 million assets or
c) 200 employees

What the Green Energy Efficiency Fund will achieve

Energy Efficiency is a MUST for South African companies based on the high increases in electricity prices.

Investments are encouraged in energy efficiency and renewable energy projects aimed at improving energy efficiency through reduced energy consumption facilitating South Africa’s transition towards a low-carbon economy. The energy and related cost savings will drive improved production capacity, operational effectiveness and competitiveness resulting in job creation.

The Green Energy Efficiency Fund supports the introduction of self use renewable energy technologies and will ultimately continue contributing to global climate protection while supporting South Africa’s economic development and growth.

The Benefits of Energy Efficiency Investments for companies

Investing in energy efficiency is a strategic approach to ensure business competitiveness. The benefits of this investment include, but are not limited to:

Pre-screening within one week.
Technical support available for energy assessments based on the size and complexity of your proposed project.
Investment risk reduction through energy efficiency validation checks.
Modernization of your industrial equipment and the use of energy efficient technologies will result in reduced energy and other costs.
Improved product quality and production capacity while increasing the company’s profitability.
Improved company image due to contributions to carbon footprint reduction and South Africa’s sustainable development goals.
Lower vulnerability to increasing energy prices.
Increased company value.

Technical Support

We have access to international and local technical experts who will support those eligible enterprises who require advice and assessments to support their energy efficient project. This can include:

Performing energy assessments and audits to propose sustainable energy solutions and support the preparation of investment project proposals.
Calculating the economic and financial benefits of the proposed investment.
Supporting your selection of eligible equipment and enhanced performance technologies.

Please get in touch with IDC – Green Energy Efficiency Fund from the Contact box on the right.