||Debt fund to finance companies and assets that contribute to improved access to electricity using solar photovoltaic (PV) in sub-Saharan Africa.
The fund will provide loans to finance solar PV distributed generation projects in Central and West Africa with a primary focus on Nigeria, Côte dIvoire, Senegal, Ghana, Mali, Cameroon. The fund will be primarily targeting the countries where grid is unreliable and electricity prices are high. The fund will offer capital in the form of project finance and asset-based debt facilities. The fund aims to build a diversified portfolio of 20-30 investments with an average ticket size of USD 4 million.
Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 25 million
Total cost (Approximate amount)
EUR 100 million