- E & S
- ACADEMIC CORNER
As the GET FiT Program is now moving towards the end of its window of opportunity, certain projects are facing pressure to meet deadlines, reaching financial close and commencing construction. There is a risk that one or several projects within the existing portfolio may lose the support of the GET FiT Program. In order to enable potential swift replacement of any project(s) dropping out of the portfolio, a process was initiated by ERA and KfW to re-appraise three projects that had previously applied, but not been granted GET FiT support.
The re-appraisals are ongoing, and will critically review and determine whether these projects have seen sufficient progress against the scoring criteria to be accepted. Upon approval of any of these projects, they would be included as reserve projects, with the potential to obtain partly or full GET FiT support in the event of projects dropping out of the current portfolio.