Climate Finance Accelerator (CFA) 2
Key facts
- Estimated value
- £161,750,000
- Buyer type
- Central government
- Source
- Find a Tender
Description
The Climate Finance Accelerator is part of the UK’s efforts to support climate action at scale by improving the quality of emerging green businesses and initiatives in Emerging Markets and Developing Economies and matches them to relevant investors. It also fosters action to address relevant policy and regulatory barriers. So far, under the current £12.4m phase of the programme, nearly 200 projects have been supported across ten countries. The first 30 of these projects have progressed to close deals worth $344m. The CFA is funded by UK Government’s Department for Energy Security and Net Zero (DESNZ), under the International Climate Finance (ICF) portfolio, as part of the UK Government's £11.6 billion commitment to support ODA-eligible countries to respond to the challenges and opportunities of climate change. DESNZ is procuring the next phase of the programme and will run a final market engagement event on the 29th of April 2024 at 11:00-12:45 (BST) ahead of publishing the invitation to tender, expected w/c 20 May. The link to sign up for the market engagement event is: https://forms.office.com/e/Rm3dvbbBWJ The second phase of CFA (CFA 2) is expected to support at least 800 projects in 16 countries. The contract term will be 5 + 3 (or any portion of 3 years). The value of the 5 year initial term is £38.75m with modification options of up to £50.40m, totalling up to £89.15m for the 5 year initial term. The contract will have options to extend up to 3 years, with modification options of up to £72.60m. With all modifications and extensions included, the maximum potential total contract value is up to £161.75m. Further information and documents relating to the existing CFA programme and the planned procurement for CFA 2 are available on the Department’s e-procurement portal: https://beisgroup.ukp.app.jaggaer.com/esop/guest/go/opportunity/detail?opportunityId=56485 This includes draft statements of requirements (SoR), commercial approach, previous EME slides and Q&A. The Department is welcoming feedback on the latest SoR and commercial approach up until 13:00 on 3 May 2024. To provide feedback please use this link: https://forms.office.com/e/c4MRffeiWs
Categories (CPV)
- 75211200 Foreign economic-aid-related services
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