The Electrification Financing Initiative (ElectriFI) is a financing scheme initiated by the European Commission and Power Africa. This initiative provides seed, mid- and long-term capital for energy access projects in emerging and developing countries. The RECP, and especially its Finance Catalyst Team, work in close collaboration with ElectriFI to overcome the investment barrier in sub-Saharan countries. ElectriFi has recently announced its second call for proposals, which is open until end of February 2017.
The mission of ElectriFI is to grow viable businesses and projects that create new connections to affordable, reliable, and sustainable energy in developing and emerging markets. To achieve this mission, ElectriFI provides funding for developers and investors across a range of business models. This includes not only projects with one off-taker benefiting from contractually-based revenue streams (IPPs), but also businesses that are exposed to full market forces of supply and demand. ElectriFI provides primarily risk capital, and projects from 161 different countries are eligible to apply. In order to be considered, projects must be in the active development stage.
In case you are a project proponent willing to apply for ElectriFI funding in future calls, you may consider applying to RECP’s Finance Catalyst Service. Our team will be able to advise you towards enhancing the project quality as well as presentation and thereby improving your chances to successfully tap into financing in general, including ElectriFI specifically.
For more information about ElectriFI and its call for proposals, please visit their website.
Are you looking for additional financing opportunities? Then have a look at RECP’s Funding Database.