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.

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

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