Schneider Electric Energy Access Asia (SEEAA)
- Country
- Asia Pacific
- Technology
- Multiple
- Business model
- Minigrid
Schneider Electric, with the support of Norfund, EDFI ElectriFIi and Amundi, laucnhed their new impact fund Schneider Electric Energy Access Asia (SEEAA). The fund aims to reach 350 million people in South and South East Asia and connect rural households, small businesses and collective services such as schools or health stations to electricity.
Contract signature date: December 2019
Countries: India, Bangladesh, Myanmar, Philippines, Cambodia
Total ElectriFI Financing: 6.3m EUR
Environmental and Social Category: FI-B
(A) high risk, (B+) medium high risk, (B) medium risk or (C) low risk
About the project:
EDFI ElectriFI committed EUR 6,3M to help connect more than 1m people to reliable and affordable electricity supply and avoid some 150 thousand of CO2 emissions annually. Through Schneider Electric Energy Access Asia (SEEAA), ElectriFI will provide the much needed early-stage investment capital to companies active in the access to energy space in Asia-Pacific.
Schneider Electric Energy Access Asia (SEEAA), an impact investment facility dedicated to support Asia-Pacific early stage companies in the off-grid energy access space. SEEAA is managed by Schneider Electric and aims at investing across the value chain, targeting companies active in manufacturing and distribution activities in both SHS and mini-grid space.
- Number of beneficiaries
- 2,300,000
- Annual output (MWh/y)
- 14,571
- GHG avoidance (tCO2eq/ y)
- 111,,è'&
Impact
- Beneficiary
- Schneider Electric Energy Access Asia (SEEAA)
- Financial instrument
- Equity
- Amount
- EUR 6,3 million
- Countries
- India, Bangladesh, Myanmar, Philippines, Cambodia
- Technology
- Multiple
- Business model
- Intermediated investment
- Year
- 2019
- Facility
- ElectriFI global