Access to Clean Power Fund

Access to Clean Power Fund

Investment Name: ACPF – Access to Clean Power Fund

Region: Africa, Asia, Latin America

Country: India, Kenya, SSA countries, SE Asian countries, etc in line with exclusion list

Sector: C&I, Energy Access and other links of the energy access value chain

Total ElectriFI Financing: USD 3m

Environmental and Social Category: B

(A) high risk, (B+) medium high risk, (B) medium risk or (C) low risk

Project overview: USD 3m Junior capital subscription to responsAbility Access to Clean Power Fund (“ACPF”) to unlock DFIs senior tranches and de-risk other (private) investors’ financing. The facility is a 10y closed-ended Luxembourg SICAV set-up to respond to the (debt) funding gap towards universal access to clean and affordable modern energy in underserved markets.

Funding objective and impact: 865.000 tons of CO2 avoided per year, 4.41GW installed capacity and ~6700 jobs created over 10 years

 Why ElectriFI wants to fund this project: ACPF fills-in the unmet market demand for debt funding from small but growing C&I players (SMEs, schools, hospitals, etc.) in Asia and Africa mainly. In addition to supporting ambitious and well-quantified impact objectives (see above), this ElectriFI investment plays a clear catalyst role strenghtening the whole structure. Indeed, the ElectriFI instrument used is Junior Equity with first loss mechanism, which not only allows strict compliance with the fund risk ratio’s but also provides additional comfort to Senior and Mezzanine investors, hence attracting more funding.

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