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- Supporting Energy Access Investments in Africa
Supporting Energy Access Investments in Africa
Regional 1 (Africa)
Borrower | Energy Access Ventures Fund (EAVF) |
Financing Type | Private Sector & Trade Finance |
Instrument | Private Sector Equity |
Focus Area | Energy |
Approved | 21.12.2011 |
Signed | 20.02.2015 |
Status | Ongoing |
Loan Administrator | aster |
Co-financiers | CDC, EIB, PROPARCO, Schneider Electric, FMO |
OPEC Fund Contribution (US$m) | 5.53 |
This transaction was an equity participation in the Energy Access Fund (EAF), an impact investment fund sponsored by Schneider Electric. The EAF will support private enterprises that provide energy solutions in rural and peri-urban areas, where traditional sources of funding are hard to come by. Targeted countries include Burundi, Ethiopia, Kenya, Malawi, Mozambique, Rwanda, Tanzania, Uganda, Zambia and Zimbabwe. The fund will help transform millions of lives by providing underserved communities in sub-Saharan Africa with low-carbon, affordable access to electricity.