Access to Clean Power Fund (“ACPF” or the “Fund”) is a US$150mn fund (in the process of being raised), which will extend debt financing to companies providing renewable energy and energy efficiency solutions in the retail and off-grid Pay-As-You-Go (PAYGO) sector, and in the commercial and industrial sector, both part of the Distributed Generation (“DG”) market. ACPF is the scale-up of the Energy Access Fund (“EAF”), into which IFC invested in 2015.
The most significant, expected project-level outcome is increased access to energy by un(der)served households and SMEs with unreliable access to affordable energy, and increased access to financing for manufacturers and distributors of DG. The Project is expected to target predominantly lower income segments and will contribute to the Sustainable Development Goals (SDGs). Beyond the Project, IFC anticipates that the Project will enhance financial integration and inclusiveness through the demonstration and market enabling channels.
Founded in 2003 in Zurich, responsAbility is an asset manager with US$3 billion under management across 15 funds in 10 offices globally. responsAbility’s funds provide financing predominantly to non-listed firms in emerging markets across energy, finance and agriculture sectors while responsAbility’s investees help to meet the basic energy needs of mainly the lower income households as well as SMEs. responsAbility is owned by Swiss financial institutions and its employees.
Carolina de Azevedo
Senior Manager, Business Development
+41 44 403 2188
Josefstrasse 59, 8005 Zurich, Switzerland
ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/