On-grid or off-grid renewable energy generation or distribution project, creating or improving access to electricity by adding new connections and/or increasing renewable generation capacity.
Early stage prospects, but no seed capital or pilot phase. Any investment must be financially viable with a clear path to profitability.
Proven additionality and catalyst role vs sponsors and/or other investors; funding should not exceed 50% of the total funding round or project costs.
Commitment to high standards in terms of environmental and social requirements as well as governance, tax, reputation and KYC standards.
Renewable and sustainable energy technology.
Privately held, for-profit counterpart located in (or proceeds to be used in) a country on the DAC list and obliging by EU tax regulations.
Credible professional track-record, strong commitment and a capacity to deliver.
Alignment of interest by substantial participation of the Sponsor in the equity of the company/project.
Replicability and scalability, especially for corporate investments or innovative business models.
Demonstrated impact through number of new connections of beneficiaries, generation capacity, greenhouse gas avoidance, employment, etc.
The ElectriFI investment process consists of a two-stage investment committee approval, including an in-depth legal, technical, financial and market due diligence, through both desktop study and field visit. The ElectriFI Investment Committee includes members of the European DFIs and the European Commission.