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Signature(s)

Amount
€ 8,783,165.6
Sector(s)
Energy : € 8,783,165.6
Signature date(s)
14/08/2023 : € 8,783,165.6

Summary sheet

Release date
19 November 2020
Status
Reference
Signed | 14/08/2023
20200199
Project name
Promoter - financial intermediary
DWS UNIVERSAL GREEN ENERGY ACCESS PROGRAMME BMU
DWS INTERNATIONAL GMBH
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
USD 10 million (EUR 8 million)
USD 300 million (EUR 248 million)
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

Debt fund to finance companies and assets that contribute to improved access to electricity using renewables in sub-Saharan Africa (junior financing under BMU mandate).

The fund targets medium- to long-term debt (up to 10 years) to develop, build and/or operate renewable energy installations, to provide access to clean energy for households and businesses, or to provide ancillary services in the energy supply chain in sub-Saharan Africa.

Additionality and Impact

The project concerns an equity investment in a fund dedicated to financing energy access in Sub-Saharan Africa. It will support investments in distributed generation, off and mini-grid solutions, as well as solar Home Systems. It addresses market failures that hinder the scale-up of access to clean energy, stemming in particular from positive externalities from greenhouse gas emission reductions. This will result in a significant improvement in the economic environment and living conditions, reducing the use of polluting and expensive back-up solutions (e.g. kerosene, diesel) with better and more reliable renewable energy supply at a lower cost. Up to 1.5 million people are expected to benefit from the energy access solutions financed by the Fund.

Environmental aspects
Procurement

The fund's operational guidelines will provide for environmental and social due diligence of all projects, according to guidelines acceptable to the EIB.

The Bank will require the Promoter to ensure that implementation of the project will be done in accordance with the EIB's Guide to Procurement.

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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