Date de publication: 8 décembre 2014
Promoteur – Intermédiaire Financier
SPECIAL PURPOSE ENTITY(IES)/FUNDLieu
Description
The proposed operation concerns participation in the Energy Access Ventures Fund, a private equity fund that will focus on financing SMEs active in the generation and/or distribution of electricity in sub-Saharan Africa. The fund will focus on off-grid rural electrification, and will start investing in companies with operations in East Africa before expanding to other sub-Saharan African countries. The majority of the investments will be in off-grid solar technology, in particular solar home systems, micro-grid infrastructure, and other small/micro-scale renewable energy and hybrid technologies.The fund has a target size of EUR 55 million and aims to provide access to electricity to at least one million low-income beneficiaries.
Objectifs
The fund aims to provide access to electricity to at least one million direct low-income beneficiaries, located in rural and peri-urban areas of Sub-Saharan Africa and who lack (reliable) access to electricity. Direct beneficiaries are defined as clients, consumers of goods and services and direct employees of portfolio companies. Moreover most of the electricity produced will come from renewable energy sources thereby generating minimum negative environmental impact.
Secteur(s)
Montant BEI envisagé (montant approximatif)
EUR 10 million
Coût total (montant approximatif)
EUR 55 million
Aspects environnementaux
The fund's operational guidelines will provide for environmental and social due diligence of all projects, according to guidelines acceptable to the EIB.
Passation des marchés
The fund will be required to ensure that implementation of the underlying projects is done in accordance with the EIB Guide to Procurement.
Statut
Signé - 20/02/2015
Clause de non-responsabilité
Avant d’être approuvés par le Conseil d’administration et avant la signature des prêts correspondants, les projets font l’objet d’une instruction et de négociations. Par conséquent, les informations et données fournies sur cette page sont indicatives.
Elles sont fournies à des fins de transparence uniquement et ne peuvent être considérées comme représentant la politique officielle de la BEI (voir également les notes explicatives).