The fund supports energy generation, transmission and distribution projects in Sub-Saharan Africa, ultimately aiming to connect 3.2 million people by 2018. The fund focuses on sustainable energy solutions, which is a focus area for FMO as a whole. The projects should have the potential to boost economic development and ultimately alleviate poverty. They should also be able to demonstrate an impact on creating new or improved energy access. Funding possibilities include: minority shares in equity investments, loans of up to EUR 7 million, and early stage equity to contribute to the high-risk, early stage project development phase.
The Fund is managed by FMO. The Departments Energy and Private Equity assess whether projects fit FMO criteria and / or whether they fit the Fund criteria. The best way to access is to present the project to those departments.
Total Fund size is EUR 102 million of which approx. EUR 40 million is still available