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Consultancy (Technical Assistance (TA) for Financial Institutions (FIs) to develop quality products and services for Renewable Energy enterprises)

JOB SUMMARY
Company	SNV Ghana
Industry	Social Enterp...
Category	International...
Location	Accra
Job Status	Contractor/Co...
Salary	GH¢
Education	Qualified
Experience	N/A
Job Expires	Jul 02, 2021
Contact	...

Company Profile

SNV is a not-for-profit international development organisation that applies practical know-how to make a lasting difference in the lives of people living in poverty. We use our extensive and long-term in-country presence to apply and adapt our top-notch expertise in agriculture, energy, and WASH to local contexts. SNV has an annual turnover of €130 million, over 1,250 staff in more than 25 countries in Africa, Asia, and Latin America. We are proud to be a not-for-profit organisation that uses project financing to implement our mission. This requires us to work efficiently and to invest in operational excellence.

SNV has worked in Ghana since the 1992 and currently has offices in Accra, Tamale, and Nandom.

For more information on SNV, visit our website: www.snv.org

Job Description

Renewable Energy Development and Acceleration Project (REDAP)

Technical Assistance (TA) for Financial Institutions (FIs) to develop quality products and services for Renewable Energy enterprises

Terms of Reference (ToR)

1.0 Background of the assignment

The Renewable Energy Development and Acceleration Project (REDAP) is a joint initiative between the Netherlands Development Organization (SNV), Rural Development Fund (RDF) and other Financial Institutions (FIs) aimed at facilitating the growth of sustainable energy MSMEs to catalyse the transition of energy users from traditional, inefficient forms of energy to clean and efficient energy technologies to support climate change mitigation efforts. It is a 1-year pilot project to be implemented over 12 months’ period (15th October 2020 – October 14, 2021).

The project envisaged to achieve the following key objectives:

Improve access to efficient and suitable finance for sustainable energy businesses and users through the development of tailored financial products supported by market scans and needs assessments.
Build a pipeline of viable and sustainable energy MSMEs through business and market development support.
Increase demand for sustainable energy services by initiating demand activation activities and brokering linkages.

A survey conducted by the REDAP team has revealed that financial institutions are often reluctant to provide loans to renewable energy enterprises due to limited understanding of the renewable energy sector.

Again, renewable energy MSMEs are diverse in their operations and require tailored products and services. One of the main observations made during the market scan and needs assessment exercise is the diversity in terms of the operations of enterprises within the renewable energy sector. This diversity implies that a one-fit-all approach in respect of BDS services and financing is less likely to be effective.

The lessons above underscore the need for REDAP engage a consultant to provide FIs with information that shows the benefits of investing in renewable energy businesses. The consultant will also provide Technical Assistance (TA) for FIs to develop quality financial products and services for renewable energy enterprises.

2.0 Scope of work

2.1 Purpose of the assignment

The assignment is aimed at building partnerships with FIs, training and providing them with information that shows the benefits of investing in renewable energy businesses. It also seeks to provide Technical Assistance (TA) for FIs to develop quality financial products and services for renewable energy enterprises.

The consultant will be provided with a list and contacts of financial institutions to work with. The consultant is also allowed to suggest FIs for partnerships.

2.2 Objectives

The objectives of the assignment are as follows:

Assist the REDAP project team to identify at least 5 suitable financial institutions (FIs) and formalize partnerships between the project and the FIs; aimed at ensuring access to finance for renewable energy enterprises under the project
Train/educate FIs on quality financial products/services development and the viability of investing in various categories of renewable energy enterprises (solar, improved cookstoves, clean fuels and biogas systems)
Coach and mentor FIs to develop quality financial services and products for renewable energy enterprises

2.3 Duration

The assignment will commence from 19th July, 2021 and end on the 31st September, 2021. The consultant will work for 40 days within the period.

2.4 Key deliverables and timelines

Table 1: Key deliverables and timelines for the assignment

No.	Deliverables	Due date
1	Inception meeting to discuss assignment implementation strategy/plan developed by consultant	16^th July, 2021
2	Training report with pictures on quality financial products/services development and the viability of investing in various categories of renewable energy enterprises (solar, clean cookstoves and biogas)	6^th August, 2021
3	Copies of partnership agreements signed with 5 FIs	20^th August, 2021
4	Report covering each partner FI highlighting financial products and services developed for renewable energy enterprises	30^th August, 2021
5	Final report presenting milestones, activities, key achievements, observations and recommendations	30^th September, 2021

4.0 Payment Schedule

Deliverables	Percentage of payment
Signing of contract and submission of detailed implementation plan	30% of total contract sum
Submission of signed partnership agreements with at least 5 FIs (1 FI in each region; Greater Accra, Ashanti, Northern, Western, and Eastern regions).	30% of total contract sum
Final report activities, key achievements, observations and recommendations	40% of total contract sum

5.0 Communication
The consultant will report to designated officer.

Required Skills or Experience

The consultant must meet the following basic requirements:

Master’s Degree preferably in Banking and Finance, Business Management, Entrepreneurial Management, or related field.
Demonstrated experience in building capacity of financial institutions.
Understanding of the Ghanaian financial and renewable energy sectors
Demonstrated knowledge of the renewable energy sector; in the focus areas of solar systems, biomass fuels, improved cookstoves, and biogas systems
Good business coaching, mentoring and report writing skills
Proven record illustrating, relevant similar assignments undertaken within the past five years
Proven track record of meeting timelines

How To Apply

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