RESPONSABILITY ACCESS TO CLEAN POWER FUND LCFP

Promoteur – Intermédiaire Financier

RESPONSABILITY INVESTMENTS AG,MULTICONCEPT FUND MANAGEMENT SA

Lieu

• Régional - Afrique
• Régional - Asie

Description

Investment fund providing debt financing to energy access companies that provide distributed generation solutions (primarily based on solar energy) to households and SMEs mainly Africa and Asia. Operation to be under the Luxembourg-EIB Climate Finance Platform.

Objectifs

The financing offered by the Fund will include working capital to finance inventory and/or receivables of energy access companies, as well as project debt to finance larger distributed generation projects for SMEs. Investments will be primarily in US Dollars, and on a selective basis in local currencies. The targeted geographical allocation of the Fund is 60% in Sub-Saharan Africa and 40% in South-Southeast Asia. The Fund will address a financing gap in the off-grid solar market, where the growth of off-grid solar energy providers is hampered by the lack of financing available from commercial banks due to the illiquidity of assets to be utilised as security by lenders.

Secteur(s)

• Énergie - Production et distribution d'électricité, de gaz, de vapeur et d'air conditionné

Montant BEI envisagé (montant approximatif)

EUR 5 million

Coût total (montant approximatif)

EUR 130 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 Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

Statut

Signé - 20/12/2019