Difference between revisions of "Financing Source/01"

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{{Financing SourcesDB
 
{{Financing SourcesDB
 
|FS title=Output Based Fund for Solar Home Systems (OBF)
 
|FS title=Output Based Fund for Solar Home Systems (OBF)
|FS facts=Output Based Finance = Subsidy that is applied after a pre-determined output has been met and verified. Fixed incentive grants of up to 60% of the system costs. 20% of the grant received will be used to reduce the cost of the end-user product price. Support is supposed to enable financing the required investment in people, training, advertising, processes, and logistics inclusive of gender workforce integration and disaggregation as informed by the government gender program. Grant amount will be fixed individually. Applications for the OBF are on a rolling basis until funds are exhausted.
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|FS facts=Output Based Finance = Subsidy that is applied after a pre-determined output has been met and verified. Fixed incentive grants of up to 60% of the system costs. 20% of the grant received will be used to reduce the cost of the end-user product price.
Under the NEP, channeled by REA
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|FS type grant=Grant
|FS scope=SHS
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|FS scope shs=SHS
 
|FS beneficiaries=MSME
 
|FS beneficiaries=MSME
 
|FS geographical=Nigeria
 
|FS geographical=Nigeria
|FS application=Open
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|FS application=Rolling basis
 
|FS url=https://nep.rea.gov.ng/solar-home-systems/
 
|FS url=https://nep.rea.gov.ng/solar-home-systems/
 
|FS further=https://www.youtube.com/watch?v=NwlQzqthfac
 
|FS further=https://www.youtube.com/watch?v=NwlQzqthfac
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|FS scope=SHS
 
}}
 
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Latest revision as of 15:09, 13 March 2023


Last edited on 13/03/2023 by Kimberly Fahsold
(Date format: DD/MM/YYYY)

Key facts
Output Based Finance = Subsidy that is applied after a pre-determined output has been met and verified. Fixed incentive grants of up to 60% of the system costs. 20% of the grant received will be used to reduce the cost of the end-user product price.
Type of financing
  • Grant
Technology scope
  • SHS
Target beneficiaries
MSME
Geographical scope
Nigeria
Application
Rolling basis
URL
Further information