Bamboo Energy Access Multiplier (BEAM)
- Country
- Burina Faso
- Technology
- Solar PV
- Business model
- SHS
ElectriFI invested USD 8 million in the BEAM investment platform to deploy early stage equity capital for distributed energy service companies (DESCOs) and unlock further debt capital. The project will allow access to new Solar Home System distributors in emerging markets and enable the electrification of 270,000 rural households.
Contract Signature: December 2019
Countries: Sub-Saharian Africa and Asia
Total ElectriFI Financing: USD 8 million (equivalent EUR 7.3 million)
Environmental and Social Category: C
(A) high risk, (B+) medium high risk, (B) medium risk or (C) low risk
About the project:
ElectriFI contracted a USD 8 million equity loan- to provide Bamboo Energy Access Multiplier (BEAM) the necessary capital to support the launch of up to 4 new solar home system distribution companies in underserved markets.
BEAM is a 25m USD impact fund, with objective to invest in BBOXX Ltd and greenfield and early-stage solar home system distribution companies in countries where the electric grid is either not reaching a significant portion of the population and/or unreliable and insufficient.
BEAM is managed by Bamboo Capital Partners, an impact investment firm with focus primarily in energy, financial services and agribusiness in emerging markets.
- Number of beneficiaries
- 1375 500
- Annual output (MWh/y)
- 3865
- GHG avoidance (tCO2eq/y)
- 30 000
Impact
- Beneficiary
- Bamboo Energy Access Multiplier
- Financing instrument
- Equity
- Amount
- USD 8 million
- Countries
- Nigeria, Burkina Faso, Benin, Togo, Senegal, Myanmar, Sierra Leone
- Technology
- Solar PV
- Business model
- Solar Home Systems
- Year
- 2019
- Facility
- ElectriFI Global