FEI on-grid fund
Africa
Region
210.1
Commitment (MNOK)
Active
Status
The Facility for Energy Inclusion (FEI) On-Grid Fund is a fund for providing debt to small-scale renewable energy projects in Africa. FEI On-Grid will support small-scale Independent Power Producers, captive power projects and mini-grids by providing a range of debt products. Norfund is an LP in the fund.
Key information
- Sector:
- Renewable Energy
- Commitment (MNOK):
- 210.1
- Year:
- 2019
- Region:
- Africa
- Country:
- Regional
- Domicile:
- Mauritius
- Instrument:
- Funds
- Status:
- Active
- Mandate:
- Development
FEI on-grid fund investments
| Investee | Sector | Country |
|---|---|---|
| Equator Energy | Kenya | |
| Equator Energy | Kenya | |
| AktivCo | Other | |
| AktivCo | Other | |
| CrossBoundary Energy | Other | |
| CrossBoundary Energy | Other | |
| Solarise Africa | Other | |
| Solarise Africa | Other | |
| SolarX | Other | |
| SolarX | Other | |
| ESCOTEL | Other | |
| ESCOTEL | Other | |
| Innovent SAKAL | Senegal | |
| Innovent SAKAL | Senegal | |
| Engie PowerCorner | Zambia | |
| Engie PowerCorner | Zambia |
Additionality for FEI on-grid fund
This investment is particularly additional on the following ambitions:
- Investing in the poorest countries
- Investing in the most capital constrained markets
- Investing in the riskiest markets
- Investing in the most difficult business environments
- Investing in high risk instruments
- Contributing to starting new business activity
- Mobilising private investors
- Taking an active role in investments
- Improving social and environmental standards
