Access to Energy Fund

FMO Netherlands Development Bank on behalf of the Ministry of Foreign Affairs

The fund supports energy generation, transmission and distribution projects in developing countries, 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.

The AEF finances projects aimed at providing long-term access to sustainable energy in Sub Sahara Africa. AEF can finance all types of renewable energy. Projects should be able to demonstrate an effect on creating new or improved energy access.

Mode of Support: 
Open to Applications: 
Yes
Application Time Frame: 

Applications are accepted on a rolling basis. Applicants can contact the Energy and Private Equity Departments of FMO and present their project. The FMO departments will then assess whether the project meets the criteria of the Fund

Climate Objective: 
Mitigation
Administrator Type: 
National Government Entity
Financial Instruments Offered: 
Equity, Market-rate Loans
Direct Access: 
No
Fund Size: 

Total Fund size is EUR 102 million of which approx. EUR 40 million is still available

Financing Award: 
Between 1 and 10 million USD
Trustee: 
Netherlands Development Finance Company (FMO)
Implementing Entity: 

Not specified

Steps to Access & Application Procedure: 

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. Best way to access is to present the project to those departments.

Organizational and Decision Making Structure: 

The Fund is managed by FMO. FMO's Energy and Private Equity Departments can propose projects to the Fund Manager to finance from the Fund. To access the Fund therefore, it is most efficient to contact the Energy and Private Equity teams of FMO to present the investment opportunity

Monitoring and Reporting Procedures: 

Monitoring and reporting on financial, impact indicators and Environmental & Social Management. Frequent contact with FMO

Co-financing Requirements (if applicable): 

The Fund needs to be Additional and Catalytic. Co-financing is an option. The Fund can take a subordinated position.

Other Eligibility Criteria Beyond Geography and Income: 

The Fund can only provide financing if it is additional, meaning there is no commercial party willing to finance the project.

Contact Information

www.fmo.nl

FMO (Dutch Development Bank)
Anna van Saksenlaan 71
Den Haag
The Netherlands

Last Updated: 
08.12.16
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Sectors & Topics: 
Renewable Energy
Eligible Countries and Geographic Regions: 
East Asia-Pacific
Latin America & Caribbean
Sub-Saharan Africa