View energy initiative

Back to initiatives

 

ElectriFI


Period
-

Implementing agencies
FMO

African partners

Names of African partners involved

Donor involvement (incl. IOs)
Multi-donor, Multilaterals involved, Bilaterals involved

Names of donors involved (incl. IOs
European Commission (EC), European financial institutions, such as EIB, KfW, etc, Power Africa

Geographical scope
Continental

Countries where active
Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde Islands, Central African Republic, Chad Republic, Comoros, Congo, Libya, Dem. Republic of the Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, Ethiopia, Gabon Republic, Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Kenya, Lesotho, Liberia, Madagascar, Malawi, Mali Republic, Morocco, Mozambique, Namibia, Niger Republic, Nigeria, Principe, Rwanda, Senegal Republic, Seychelles, Sierra Leone, Somalia Republic, South Africa, South Sudan, Sudan, Swaziland, Tanzania, Togo, Tunisia, Uganda, Zambia, Zimbabwe, Western Sahara, Mauritius

Sectors
Renewables, Electricity

Sub Sectors (Electricity)
Grid connected generation, Mini-grids, Stand-alone off-grid

Type of intervention
Operative program / delivery mechanism (downstream)

Type of technical assistance
Project preparation / implementation

Gender focus
No

Climate focus
No

Type of financing
Grant, Debt, Early stage

Main objectives
ElectrifFi aims at drastically accelerating access to modern energy services/electricity through intervention at any development stage of a project or corporate entity. The intervention mechanism may include services at projects’ early phase, where ElectriFi will be the only source of external financing, as well as at gap-closing stages, where ElectriFi’s contribution will be required to reach financial close. ElectriFI is intended to have a catalytic and transformative effect by addressing key barriers in energy project development andfinancing.

Main activities
- ElectriFi will offer convertible grants that convert into subordinated debt (i.e. early stage development risk capital) - ElectriFI assists in making electrification ventures bankable (reaching financial close).

Comments

Sources
- European Commission (2015): Presentations and briefing documents - https://europa.eu/capacity4dev/public-energy/document/working-document-electrifi

Contact information

Back to initiatives

Copyright © 2017-2019 Danish Energy Management A/S. All Rights Reserved Legal notice © 2020 - Africa-EU Energy Partnership / Sustainable Energy For All - Africa Hub