RESULTS-BASED FINANCE (RBF) GRANT AGREEMENT TEMPLATE

The document is a template for a Results-Based Finance (RBF) Grant Agreement designed to support mini-grid operators through fixed grants per verified electricity connection. It includes guidance on structuring disbursement milestones, managing risks through conditions precedent, and defining service levels based on the SE4ALL Multi-Tier Framework. The template outlines the rights and obligations of both the Granting Authority and the Project Developer, covering reporting, monitoring, termination, and dispute resolution.

• The RBF grant approach provides mini-grid operators with a fixed grant for every electricity connection that is both installed and verified.
• To support domestic companies that may lack the capital to upfront initial investments, the document recommends that governments implement a mechanism of advance payments via disbursement milestones.
• A suggested disbursement structure for grants includes 35% upon signing the agreement (backed by a bank guarantee), 35% upon verified arrival of goods at the project site, and the remaining balance after independent third-party verification of total connections.
• The document suggests that for mini-grids, a minimum of Tier 4 connections should be prescribed, using the Multi-Tier Framework defined by SE4ALL to measure service levels across attributes such as availability, capacity, reliability, quality, and health and safety.
• To reduce due diligence time and ensure operational viability, the document recommends involving a third party to confirm pre-qualification and verify that conditions precedent are met.
• The template establishes that any falsification of results or data used to secure the grant allows the Granting Authority to suspend the grant and reclaim any funds already disbursed.

APA

Alliance for Renewable Electrification (n.d.). RESULTS-BASED FINANCE (RBF) GRANT AGREEMENT TEMPLATE. https://www.renewelec.org/wp-content/uploads/2024/06/RBF-Grant-Agreement-Template.pdf

Chicago

Alliance for Renewable Electrification. RESULTS-BASED FINANCE (RBF) GRANT AGREEMENT TEMPLATE. n.d. https://www.renewelec.org/wp-content/uploads/2024/06/RBF-Grant-Agreement-Template.pdf.

Wikipedia

{{cite report |author=Alliance for Renewable Electrification |title=RESULTS-BASED FINANCE (RBF) GRANT AGREEMENT TEMPLATE |url=https://www.renewelec.org/wp-content/uploads/2024/06/RBF-Grant-Agreement-Template.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{allianceforrenewableelectrificationndresultsbased, author = {{Alliance for Renewable Electrification}}, title = {{RESULTS-BASED FINANCE (RBF) GRANT AGREEMENT TEMPLATE}}, institution = {Alliance for Renewable Electrification}, url = {https://www.renewelec.org/wp-content/uploads/2024/06/RBF-Grant-Agreement-Template.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }