ACPF – Access to Clean Power Fund
- Country
- Asia Pacific
- Technology
- Solar PV
- Business model
- CPP
ElectriFI invest USD 3m in responsAbility Access to Clean Power Fund (ACPF) to contribute to several impact targets in line with SDG7.
Contract signature: March 2020
Country: India, Kenya, SSA countries, SE Asian countries, etc in line with exclusion list
Total ElectriFI Financing: USD 3m
Environmental and Social Category: B
(A) high risk, (B+) medium high risk, (B) medium risk or (C) low risk
About the project:
EDFI ElectriFI is providing additional first-loss capital for a responsAbility-managed energy debt fund targeting universal access to clean power. ElectriFI subscribed a USD 3m junior capital to responsAbility Access to Clean Power Fund (ACPF), 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. EDFI ElectriFI’s investment aims to contribute to several impact targets in line with SDG7, notably: 865.000 tons of CO2 avoided per year, 4.41GW installed capacity and ~6700 jobs created over 10 years.
responsAbility Investments AG is a leading impact investor focused on private debt and private equity across emerging markets. responsAbility Access to Clean Power Fund (ACPF) is a private debt fund that seeks to address the lack of access to clean power globally, with a strong focus on Sub-Saharan Africa and South and Southeast Asia, and 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.
- Number of beneficiaries
- Annual output (MWh/y)
- 4410
- GHG avoidance (tCO2eq/y)
- 865,000
Impact
- Beneficiary
- Access to Clean Power Fund (ACPF)
- Financial instrument
- Equity
- Amount
- EUR 3m
- Countries
- Asia Pacific
- Technology
- Solar PV
- Business model
- CPP
- Year
- 2020
- Facility
- ElectriFI Global