Phase II of SCAF started in 2014 and will run for eight years with support provided by the UK Department for International Development
and the International Climate Initiative of the Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety
. The Facility seeks eligible partners active in low and lower-middle income countries of Africa and Asia. Additional geographies may become eligible over time.
Phase II has been designed and structured based on an independent evaluation of Phase I of SCAF. Incorporating findings from the evaluation, three main changes were made to the Facility:
Support Line 0: A new support line, termed SL 0, has been established to help new fund managers fundraise for and establish new low-carbon private equity or venture capital funds.
Project development companies: In addition to private equity and venture capital funds, SCAF also can now partner with certain types of project development companies.
Support Line 2: The amount of SL 2 support per project has been increased to have greater impact, although it is now refundable for projects that achieve full financial close. This “evergreen” approach allows successfully deployed SCAF resources to re-flow and to be used for other projects.
During its implementation, SCAF has been supported by various multilateral institutions. In Phase I, the Asian Development Bank (ADB) was responsible for project implementation in Asia and the African Development Bank (AfDB) acted as partner institution for the Africa window. In Phase II, the following institutions have been actively involved in SCAF activities: AfDB, ADB, CDC Group plc, DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH, European Investment Bank and International Finance Corporation have delegated staff to act as advisors to the program.
For additional information, please consult the SCAF Brochure and/or the SCAF Flyer: