ElectriFI received 290 applications during its first Invitation for Proposals which was open from 15 April until 6 May 2016.
ElectriFI sent all applicants a confirmation of receipt email with a unique application number for each project. The applications are currently being assessed.
The 17 projects that successfully passed the Phase 1 screening will now be invited to submit a more detailed Phase 2 Proposal. Projects that pass the Phase 2 screening will be presented to the ElectriFI Investment Committee for Clearance in Principle. If the Investment Committee approves a project, ElectriFI will sign a Letter of Interest with the Sponsor and further due diligence will take place.
Applicants are expected to be informed of the outcome of the Phase 1 screening in the second half of June 2016.
A second Invitation for Proposals is planned for the 4th quarter of 2016.