• Africa
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Responsability Investments AG
The holder of the loan, grant, or other investment.
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 5.64 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 5 million
Converted using 2019-03-12 exchange rate.
Project Cost (USD)
$ 146.74 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 130 million
Converted using 2019-03-12 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Apr 1, 2019

Disclosed by Bank Mar 12, 2019

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Project Description

According to bank disclosure information, the investment fund will provide debt and mezzanine financing to energy access companies that provide distributed generation solutions (primarily based on solar energy) to households and small and medium-sized enterprises (SMEs) mainly in Africa and Asia. This operation will be under the Luxembourg-EIB Climate Finance Platform.

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% Sub-Saharan Africa and 40% 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.

Investment Description
  • European Investment Bank (EIB)
Private Actors
Contact Information

No project-specific contact information available at time of writing.


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