news - FMO and EDFI-members launch ElectriFI at COP21 in Paris

At the COP21 in Paris, FMO and the members of EDFI launched the ElectriFI fund . This fund, an iniative of the European Union (EU) and the European Development Finance Institutions (EDFI), will be managed by a new EDFI Management Company in Brussels.

The fund aims at providing funding for early stage development of energy solutions. The target group is the 1,2 billion poor people with no or hardly any access to electricity.

ElecrtriFI will deliver flexible funding and technical assistance to realize new or improved access to electricity in a financially sustainable way. It targets to provide individuals, households and small companies mainly in rural areas with renewable solutions. Electricity will improve their well-being, health and economic situation.

The fund is developed by FMO, the Dutch development bank. The starting budget is EUR 75 milllion. The expected investment will be 2-6 million per client.

For more info http://electrifi.org