ENERGY ACCESS FUND

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.