Facility for Energy Inclusion

pending

The Facility for Energy Inclusion (FEI and/or the Fund) is a pan-African structured debt fund dedicated to financing decentralized renewable energy (DRE) projects in Africa. The Fund has total assets under management (AUM) of c.US$361 million and has, to date, deployed c.US$482 million in DRE assets within 25 countries, supporting multiple enterprises and creating jobs across the continent. Building on this, the Fund is looking to upsize to US$750 million AUM to further its impact across the region and deliver on an expanded mandate to increase access to affordable energy through investments in solar home systems, in addition to existing investments in other DRE subsectors, including mini-grids, small to medium scale independent power producer projects, telecommunications energy servicing companies, and commercial & industrial (C&I) energy operators. This is aligned with the World Bank Group’s M300 initiative. IFC’s proposed investment is an equity investment of up to US$40 million in the upsized Fund, subject to the total own account exposure not exceeding 20% of total Fund size and IFC not being the largest investor (the Project).