Access to Energy Fund

Type of Recipient
Private sector
Region
East Asia and Pacific
Europe and Central Asia
Latin America and the Caribbean
Middle East and North Africa
South Asia
Sub-Saharan Africa
Fund Size

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

Co-financing Requirement
Yes
Sectors and Themes
Energy
Climate Objective
Mitigation
Type of Support Provider
Bilateral
Trustee or Administrator
FMO Netherlands Development Bank on behalf of the Ministry of Foreign Affairs
Contact Information

 The Access to Energy Fund is jointly initiated by the Dutch government and FMO in 2007 to support private sector projects aimed at providing long-term access to energy services in emerging markets and developing countries.

The fund can finance renewable energy projects in all countries on the OECD DAC country list, which contains all countries and territories eligible to receive official development assistance. 

Support Provider

Government of the Netherlands

Purpose of Support
Project and program implementation
Co-financing Requirement Details

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

Funding Type
Grants
Other
Monitoring and Reporting Procedures

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

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.

Eligibility Criteria

The fund supports energy generation, transmission and distribution projects in developing countries. The fund focuses on sustainable energy solutions, which is a focus area for FMO as a whole. 

The fund can finance renewable energy projects in all countries on the OECD DAC country list, which contains all countries and territories eligible to receive official development assistance

The fund can either directly invest in or lend to a project or motivate a wider range of investor interest. The funding possibilities include:

  • Minority shares in equity investments, also for early-stage project development
  • Loans of up to (the equivalent of) € 10 million
Eligible Countries

The DAC List of ODA Recipients

Information on how to

Access AEF funding by presenting the project to the departments of Energy and Private Equity. Typically the AEF will identify potential opportunities through a deep-rooted network in developing countries. Initial assessments focus on countries, investment plans, development impact and the AEF's role as financier. Increasingly, AEF investments are steered towards projects that foster the transition to a more inclusive and greener economy. Reference disclosed projects AEF investments here.