Access To Energy Fund

The access to energy fund is jointly initiated by the dutch government and fmo in 2007 to support private sector projects aimed at providing long term access to energy services in developing countries.

Access to energy fund.

The 2019 2020 edition has a budget of 500 000. Access to energy is a requisite to elevating living conditions and allowing for development and expansion of economic activities in rural africa. We are committed to promoting access to energy. The responsabilty energy access fund provides working capital to manufacturers and distributors of modern energy products to accelerate their growth and scale of impact.

The fund is designed to provide patient flexible capital combined with technical assistance that is currently lacking in the off grid energy ecosystem. The fund will assume project costs. The access to energy fund aef has invested in several off grid solar companies to which this code is relevant. Access to clean affordable and reliable energy is vital for social and economic development and to power sustainable growth.

The fund is dedicated to providing debt financing to fast growing companies which promote access to decentralized modern energy solutions primarily in africa and asia. Coordinated by the energy access action network a coalition of leading companies investors industry associations and sector support providers from across the off grid sector. Alternative energy equity mutual funds provide investors with professionally managed exposure to many companies involved in various clean energy related business activities such as solar hydrogen. The market for off grid energy and lighting is expected to grow into a us 50 billion market per annum in the long term.

Focusing solely on renewable energy the fund supports energy generation transmission and distribution projects promoting energy solutions. Up to 75 of the total for nonprofit entities. The projects submitted funding applications from 25 000 to 100 000. Kenya uganda tanzania and rwanda but it is open to considering projects from other sub saharan countries.

In 2019 the access to energy fund has signed off an impressive number of 10 new investments totaling to eur 48 million. The covid 19 energy access response aims to maintain the sector s progress in bringing energy to all. And up to 50 of the total for for profit entities.