Delegation of the European Union to DR Congo

ElectriFI’s second Call for Investment Proposals now open!

ElectriFI’s second Call for Investment Proposals now open!

A major barrier to investments in access to energy in developing countries is the lack of access to seed, mid- and long-term capital. The Electrification Financing Initiative (ElectriFI) was created as a financing scheme to bridge the gaps in structuring and financing, stimulating the private sector, and mobilising financiers.

Our mission is to grow viable businesses and projects that create new connections to affordable, reliable, and sustainable energy in developing and emerging markets.

We look forward to receiving your investment proposals before 8 March 2017, 23.59 CET (Central European Time), and collaborating with outstanding parties to achieve our common goals in creating new connections to renewable energy in challenging markets. To start your online application, please register here.

Please keep in mind the following considerations:

  • ElectriFI is targeting projects / businesses that provide new connections to electricity;
  • The project / business must be financially sustainably in the near-term (2-3 years);
  • Projects must be in the active stage of development;
  • ElectriFI provides no grant funding, concessional loans or other low-cost capital. Our investments are generally high risk and we expect corresponding financial returns in line with local commercial markets;
  • ElectriFI must be additional to others. We only finance companies and projects without easy access to finance from others and with a clear need for flexible interim financing solutions;
  • ElectriFI investment amounts are between EUR 500,000 and EUR 10.0 million (or equivalent in USD or local currency) in equity, quasi-equity, debt and guarantees. We do not fund more than 50% of the total project costs or the balance sheet. Sponsors/promoters must provide a substantial part of the total required funding;
  • It is key for us to support projects led by an experienced management team with the skills, will, and vision to execute the business plan, an unwavering commitment to access to energy, and unyielding ethics.

Our application pool is very competitive with less than 8% selected in our first call. Please read carefully our investment criteria and guidelines to determine eligibility. Each company may submit a maximum of two applications per Call of which no more than one may be selected.

We count on you to help us spread the word and identify the opportunities worth supporting!

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