Energy Access Ventures Fund (FMO-52953)

  • Africa
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
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.
Voting Date
Dec 20, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Energy Access Ventures Fund
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)
$ 2.97 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 2.50 MLN
Converted using 2017-12-20 exchange rate.
Primary Source

Original disclosure @ FMO website

Updated in EWS Aug 9, 2018

Disclosed by Bank Mar 13, 2018

Contribute Information
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Contact the EWS Team

Project Description

FMO is considering to to join a subsequent close up to a total Fund size of ~EUR 80m.

Investment Description
  • Netherlands Development Finance Company (FMO)
Private Actors
Private Actors Description

Energy Access Ventures Fund (EAVF) is an investment fund focused on providing (off grid) energy access and its benefits to the un(der)served in Sub-Saharan Africa. The Fund is formally managed by Aster Capital Partners SAS and is advised by Energy Access Ventures SAS. EAVF had its first and final close in March 2015 at EUR 55m, with investments from Schneider Electric, CDC, EIB, Proparco, AFD (FFEM), and OFID.

Contact Information

*Contact information not provided at the time of dsiclosure*


Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: