| Date | Title | Description |
| 16.05.2024 | ElectriFI Invests in Ugandan E-Mobility Pioneer GOGO Electric, Accelerating Green Transportation and Job Creation | Driving Sustainable Development and Economic Growth in Uganda
Brussels, Belgium – 16 May 2024 – ElectriFI, a EU funded Electrification Financing Initiative, managed by EDFI Management Company (EDFI MC), today announced a USD 1.6 million inv... |
| 09.05.2024 | ElectriFI Doubles Down on Husk Power Systems with $4 Million Investment, Accelerating Clean Energy Access in Rural India | FORT COLLINS, United States & BRUSSELS, Belgium – 15 April 2024 – In a joint announcement today, Husk Power Systems (“Husk”), a leading provider of decentralized solar-hybrid minigrids, and ElectriFI, the EU-funded impact investment fac... |
| 07.02.2024 | ElectriFI Successfully Exits candi solar Deal | candi solar reached the point in its growth where they can execute the early repayment option
BRUSSELS, 6 February 2024 – EDFI Management Company, the impact driven asset manager, announced today the successful exit from its investment in c... |
| 10.01.2024 | ElectriFI Empowers Sustainable Energy Access: Announces Second Disbursement in FinEU ELLEN Investment for Mali | BRUSSELS, 9. January 2024 – ElectriFI, the impact-first investment facility managed by EDFI Management Company, announced today the second disbursement of EUR 1.5 million in its strategic investment in FinEU ELLEN. Totalling EUR 4 million, ... |
| 10.01.2024 | Green Energy Investment in Nicaragua: ElectriFI and BIO-Invest Collaborate on San Isidro Solar Project | In an alliance for sustainable development, ElectriFI and BIO-Invest are spearheading the financing for the construction of the 14MWac San Isidro solar project in Malpaisillo municipality, Leon Department, Nicaragua. Nordic Solar S.A. is at... |
| 09.11.2023 | Shining Light on Solarise Africa: An Interview with the Co-founders | The International Energy Agency just released its annual investment report and announced that the world is finally spending more on solar than oil production. The fact that solar energy is the future is not a revelation to anyone, yet, maki... |
| 09.11.2023 | Freyr Energy Raises USD 7 Million in Series B Round Led by ElectriFI to Accelerate Solar Transition | Hyderabad, 16 October 2023 – Freyr Energy, a leading tech-enabled rooftop solar company in India, has secured an equity investment of USD 7 million. Freyr Energy is at the forefront of sustainable change accelerating the transition to solar... |
| 09.11.2023 | ElectriFI backs Les Soleils du Bénin with a EUR 3.1 million investment, ensuring sustainable energy access to over 3 000 households and businesses in Benin | [Cotonou, 4 September 2023] – The Electrification Financing Initiative (ElectriFI), managed by EDFI Management Company, has announced an investment of EUR 3.1 million in Les Soleils du Bénin under the Benin Country Window funded by the Euro... |
| 09.11.2023 | EDFI ElectriFI Burundi Country Window Closes its First Transaction with AMPED Innovation, Empowering Burundian Households with Clean Energy Solutions | [Brussels, 21 Aug 2023] – EDFI ElectriFI’s dedicated envelope for Burundi, the EDFI ElectriFI Country Window, is thrilled to announce its inaugural commitment of USD 1 million to AMPED Innovation, a leading manufacturer of Solar Home System... |
| 09.11.2023 | ElectriFI 2022 Annual Report | I am humbled and excited to be the one to launch the ElectriFI 2022 Annual report in the name of an organization that is dedicated to transforming the energy landscape in developing countries and that has the pleasure to successfully work w... |
| 16.07.2023 | Nuru, an EDFI ElectriFI Investee, Closes over $40m of Equity to Drive Metrogrid Scaling in the Democratic Republic of the Congo | Nuru, one of Africa’s pioneering renewable energy-powered metrogrid companies, has announced the successful close of $40m in Series B funding. The funds will enable Nuru to commence construction on projects which will, once completed, signi... |
| 14.05.2023 | Vitalite Zambia secures USD 1,5 million from EDFI ElectriFI to support its growth | EDFI ElectriFI, the EU-funded Electrification Financing Initiative, is committed to invest a USD 1,5m convertible note in Vitalite Zambia, the pioneer of pay-as-you-go (PayGO) solar home systems distribution in Zambia. |
| 02.03.2023 | RESEARCH PAPER - Simple and efficient metrics for Pay-As-You-Go companies | Pay-As-You-Go, or PAYGo, is a business model or payment system in which customers pay for goods or services as they use them. The model is often used in developing markets as it allows customers who may not have the means to make large upfr... |
| 19.01.2023 | WeLight raises €19 million with EIB, EDFI ElectriFI and Triodos Investment Management to bring clean, affordable and reliable energy to 120 new villages in Madagascar | Today the European Investment Bank (EIB), Triodos Investment Management and EDFI ElectriFI announced their new collective investment of €19 million to support WeLight Madagascar’s €28 million project in Madagascar. The investment will enabl... |
| 22.12.2022 | Solarise Africa receives USD 3 m investment from EDFI ElectriFI to expand operations in Kenya. | The third investment of EDFI ElectriFI in Solarise Africa aims at enabling the company to fund its operations and grow its asset portfolio in Kenya. |
| 22.12.2022 | EDFI ElectriFI lends USD 4.5 m to Okra Solar to deploy cutting-edge distributed solar networks for last-mile communities in Nigeria | The EU approved a USD 4.5 million working capital facility under the ElectriFI Country Window for Nigeria to provide access to electricity through the mesh-grid technology to mini-grids developers, targeting some 76 000 beneficiaries by the... |
| 13.12.2022 | EU commits EUR 15m for renewable energy entrepreneurs and companies in Mozambique | The launch of the ElectriFI Country Window for Mozambique, a tailored EUR 15 million package funded by the EU to invest in early-stage renewable energy companies active in the country, took place on Thursday 7 December in Maputo, within the... |
| 24.11.2022 | The EU launches dedicated funding package to support renewable energy entrepreneurs committed to accelerate clean energy access in Uganda | The launch of the ElectriFI Country Window for Uganda, a tailored EUR 5 million envelope funded by the EU to invest in early-stage renewable energy companies active in the country, took place on Thursday 3 November in Kampala, at the occasi... |
| 22.11.2022 | Tackling the irrigation gap with solar power: SunCulture closes USD 10 million financing round to support African smallholders. | The USD 10 million mezzanine loan contracted between SunCulture, EEGF, ARAF and EDFI ElectriFI will allow the company to expand activity in Kenya, Ivory Coast, and Uganda. |
| 07.10.2022 | Off-grid RDG Collective and seed impact investor EDFI ElectriFI to narrow electrification gap in Zambia. | EDFI ElectriFI, the EU-funded Electrification Financing Initiative, invested a USD 2 million convertible note in RDG Collective, an early-stage Solar Home Systems and Productive Use Appliances provider in rural Zambia. |
| 28.09.2022 | EDFI ElectriFI signs microgrid debt facility with Husk Power Systems to drive net-zero economic growth in 80 communities in rural India | BRUSSELS and PATNA, 15 September 2022 — Husk Power Systems, operator of the largest fleet of solar-hybrid microgrids across rural Asia and Africa, will electrify 80 additional communities in India with $6 million in new debt financing, anno... |
| 09.07.2022 | EDFI ElectriFI and Oikocredit to support Solar Panda’s off-grid solar power for low-income Kenyan households | The EU-funded Electrification Financing Initiative (EDFI ElectriFI) and social impact investor and worldwide cooperative Oikocredit have agreed to co-invest US$ 4 million each in Canada-based Solar Panda. Solar Panda designs, manufactures a... |
| 17.06.2022 | Addressing universal energy access and increasing resilience to climate change through AI: the ElectriFI & Nithio collaboration | There is an urgent need to scale financing to renewable energy solutions to achieve universal energy access and increase resilience to climate change, especially in developing countries and emerging markets. African countries have contribut... |
| 23.04.2022 | EDFI ElectriFI announces successful exit of USD2M loan to REDAVIA, and further investment in the group’s expansion in Kenya and Ghana | EDFI ElectriFI, the EU-funded Electrification Financing Initiative, successfully exited a USD 2M loan (EUR 1.83M equivalent) subscribed in 2018 by REDAVIA, a solar power provider for commercial and industrials in West and East Africa, and s... |
| 12.03.2022 | The EU commits an additional EUR 103m in ElectriFI and AgriFI, to further support early-stage private sector development in 4 specific countries and the ACP region. | In the context of the 7th EU-Africa Business Forum 2022, the European Union (EU), the Organisation of the African Caribbean and Pacific States (OACPS), the Dutch Entrepreneurial and Development Bank (FMO) representing also the other members... |
| 17.02.2022 | AgriFI and ElectriFI launched new country and regional windows | In the framework of the 7th edition of the EU-Africa Business Forum (EABF), AgriFI, the EU-funded Agriculture Financing Initiative, and ElectriFI, the EU-funded Electrification Financing Initiative, hosted a signing ceremony and launch even... |
| 14.02.2022 | PowerGen connects 13 rural communities to renewable energy in Nigeria | In July 2021, PowerGen, a leading developer in Africa of on-grid and off-grid distributed energy, partnered with EDFI ElectriFI and other investors, to connect 55,00 people to electricity in rural Nigeria. |
| 12.02.2022 | Join AgriFI and ElectriFI for the launch event and signing ceremony of their country and regional windows | In the framework of the 7th edition of the EU-Africa Business Forum (EABF), AgriFI, the EUfunded Agriculture Financing Initiative, and ElectrFI, the EU-funded Electrification Financing Initiative, will host a signing ceremony and launch eve... |
| 15.01.2022 | EDFI ElectriFI and REPP invest in renewable energy startup OnePower to bring energy access to 20,000 people in rural Lesotho. | The EU-funded Electrification Financing Initiative (EDFI ElectriFI) and the UK-funded Renewable Energy Performance Platform (REPP) have each invested LSL 75m (~ EUR 4.4m) in equity and senior debt in a project-financed vehicle led by OnePow... |
| - | ElectriFI commits USD 2.5M to support the expansion of Virunga power | In addition to their corporate investments, ElectriFI and REPP will pursue aligned investments in project capital expenditure to support the development and construction of Virunga Power’s growing portfolio of run-of-river small hydroelectr... |
| - | First equity transaction for ElectriFI with Mera Gao Power in India | Mera Gao Power (MGP) India, fully owned by Micro Grid Power Global Singapore, was set up in 2011 to design, build, own, operate and maintain the world’s lowest cost micro grids to provide priority energy services to India’s remote off-grid ... |
| - | PowerGen partners with EDFI ElectriFI and other investors to connect 55,000 people to electricity in rural Nigeria | PowerGen, the leading developer in Africa of on-grid and off-grid distributed energy, has secured long term project financing to connect 55,000 people to electricity in rural Nigeria from CrossBoundary Energy Access with construction financ... |
| - | ElectriFI inaugurates €30m Renewable Energy Investment Scheme in Nigeria | Key note speech by H.E. Ketil Karlsen, Ambassador of the EU in Nigeria (© Nigeria Energy Forum 2019) |
| - | EDFI ElectriFI launches Country Window in Burundi | On 6 October 2021, the Permanent Secretary at the Ministry of Hydraulics, Energy and Mines and the Ambassador of the European Union in Burundi, officially launched the EDFI ElectriFI and GET.invest dedicated programmes for Burundi, aimed at... |
| - | Sigora Haiti raises US$ 2.5 million from ElectriFI | Sigora Haiti S.A., the clean energy micro-utility owned by San Francisco-based Sigora International Inc., announced today a US$2.5 million investment from the Electrification Financing Initiative (ElectriFI), the European Union’s Electrific... |
| - | PEG Africa raises EUR 4.57m from ElectriFI to continue expansion in West Africa | PEG Africa, a West Africa-based pay-as-you-go (PAYG) solar company, has raised USD 5 million from ElectriFI to continue rapid growth in existing markets. |
| - | How to support early-stage project development? | On 16 February 2017, ElectriFI participated in the Roundtable ‘How To Support Early-Stage Project Development?’, organised by the Belgian Federal Ministry of Energy, Environment and Sustainable Development, and the Africa-EU Renewable Energ... |
| - | ElectriFI invests close to USD 1.5M to incentivize DRC green energy transition | Having 83% of its population without access to electrification, the Democratic Republic of the Congo (DRC) is one of the top 20 energy deficit countries in the world. The province of North Kivu is particularly affected by this shortage as l... |
| - | Empowering women with renewable energy - Our inspiring stories | Ololade George-Aremu considers her work as a “blueprint” for many other organisations. Being the Vice-President People and Culture at Arnergy Solar, a renewable energy startup and one of our major partners within the framework of the Electr... |
| - | Development finance institutions join forces to help alleviate impact of COVID-19 in developing countries | |
| - | AgriFI & ElectriFI at the European Development Days - Narrowing the investment gap in sustainable agriculture and renewable energy | The AgriFI and ElectriFI facilities will participate in the European Development Days, the annual development community gathering organised by the European Commission. |
| - | ONLINE EVENT: Harnessing Innovative Scalable Business Models for the Green Energy Transition in Africa | From 20-21 April 2021, the EU-Africa Business Forum, hosted by the European Commission, the African Union Commission and the Portuguese Presidency of the European Council, co-organised with the support of the Africa-EU Energy Partnership an... |
| - | ElectriFI attended the Making Solar Bankable Conference | The ElectriFI team participated in the Making Solar Bankable Conference in Amsterdam on 15 & 16 February 2018, organised by FMO and Solarplaza. |
| - | EDFI ElectriFI at COP26 - "Financing sustainable energy access: Building resilient and net-zero local economies" | The Alliance for Rural Electrification, supported by GET.invest and in partnership with the Directorate-General for International Partnerships of the European Commission and EDFI ElectriFI, are organising a virtual COP26 session on “Financi... |
| - | ElectriFI annual report 2020 | The COVID-19 pandemic, and the various restrictions it has provoked, has significantly impacted the front office team in EDFI ElectriFI. Unable to travel and facing difficulties in engaging with its potential investees, the team faced chall... |
| - | Over 150,000 Nigerians to benefit from clean energy access through US$10m syndicated loan facility | UK-government funded REPP and EU-sponsored ElectriFI have provided US$2.2m and US$3m initial loans respectively to catalyse rollout of clean energy access to some of the country’s remotest communities. A US$10 million syndicated loan facili... |
| - | ElectriFI closes second call for proposals | ElectriFI received 155 applications during its second Call for Investment Proposals (closed on 8 March 2017) of which 37 projects have been invited by our selection panel to proceed to the next phase. |
| - | Amped Innovation contracts USD 6m with EU-funded facility EDFI ElectriFI to provide solar home systems to 500 000+ people in frontier markets | EDFI ElectriFI is making available a USD 6m revolving working capital facility (USD 4m from its global facility and USD 2m from the Nigeria Country Window) to Amped Innovation, a company designing and supplying high efficiency, lower cost s... |
| - | USD15.5m raised to scale innovative renewable energy buyer and trader Africa GreenCo | InfraCo Africa, part of the Private Infrastructure Development Group, the Danish Investment Fund for Developing Countries (IFU) and the EU-funded Electrification Financing Initiative (EDFI ElectriFI) have together committed USD 15.5m to ena... |
| - | ElectriFI supports Redavia's expansion in Ghana's C&I sector | Solar technology company REDAVIA and ElectriFI have signed a USD2m financing agreement to support REDAVIA’s expansion in Ghana’s industrial and commercial sector, offering affordable, reliable and clean power generated through modular solar... |
| - | EDFI ElectriFI concludes follow-on investment in Solarise Africa for further market expansion | EDFI ElectriFI concluded a follow-on investment in Solarise Africa, a pan-African clean energy and energy efficiency leasing company. The round was led by French development finance institution, Proparco, which invested the USD equivalent o... |
| - | Speeding Up Solar Energy Access for Rural Communities in Côte d’Ivoire | EDFI ElectriFI announces follow-on investment in PEG Africa |
| - | Webinar series: Accelerating Investments in Renewable Energy, Energy Efficiency & Smart Mobility in the Pacific Islands | 15, 22, 29 September | In a continued effort to support climate change mitigation and adaptation in the Pacific Islands region, the European Union and the New Zealand’s Ministry of Foreign Affairs and Trade are organising a series of webinars bringing financiers,... |
| - | ElectriFI boosts farmers’ contribution to circular economy in Kenya and India | ElectriFI, the Electrification Financing Initiative funded by the European Union, invests USD 2m in Sistema.bio. The company manufactures, distributes, installs and finances biomass digesters for small and medium scale farmers. The prefabri... |
| - | Additional first-loss capital from EDFI ElectriFI for new climate fund | Swiss impact asset manager responsAbility Investments and EDFI ElectriFI announced their cooperation in the field of climate finance in emerging economies. Under the agreement, EDFI ElectriFI is providing additional first-loss capital for a... |
| - | High Level Green Talk on Accelerating the EU-Africa Partnership for Green Energy Transition in Africa | Join EDFI ElectriFI for a high-level discussion on “Accelerating the EU-Africa partnership for green energy transition in Africa”. The event will feature keynote addresses from: |
| - | EDFI ElectriFI invests USD 8 million in BEAM to scale energy access in emerging and frontier markets | Bamboo Capital Partners (Bamboo), an impact investing platform, is pleased to announce that ElectriFI, the impact investment facility funded by the European Union, has invested USD 8 million in BEAM, a pioneering investment platform set to ... |
| - | ElectriFI launches a €10m Renewable Energy Investment Scheme in Côte d’Ivoire | ElectriFI, the EU-funded energy access impact investment facility, launched a EUR 10 million country window dedicated to the Ivorian renewable energy market. ElectriFI global country windows are managed by the Brussels-based EDFI Management... |
| - | Sigora Haiti connects 3,420 households to 24/7 renewable electricity in northern Haiti | “We make kilowatt hours, and we sell kilowatt hours. It’s that simple”, says Andy Bindea, founder of the micro-utility start-up Sigora Haiti (www.sigorahaiti.co), which is now connecting 3,420 households just two years after driving its fir... |
| - | ElectriFI at Togo-EU Economic Forum and Ghana-EU Business Forum | On 12-14 June, ElectriFI presented its financing solutions for sustainable energy in Togo and Ghana. |
| - | EDFI ElectriFI invests in candi’s PV solar solutions for Indian SMEs | EDFI ElectriFI invested EUR 2,68m junior debt in candi, a platform that finances, builds and operates solar solutions for SMEs in emerging markets, whereby the aim is to help customers improve their bottom line while at the same time creati... |
| - | EUR 40m raised for green energy revolution in Zambia | Through this country window, the specialized debt and equity financing partner for small scale private companies is bringing the private sector on board through a combination of innovative financing instruments for both on grid and off grid... |
| - | Simusolar secures USD 1.5m convertible note from EDFI ElectriFI to meet the needs of rural smallholders and fishermen in Tanzania | EDFI ElectriFI invested a total of ~EUR 1.26m to support Simusolar in providing solar-powered water pumps and fishing lights as well as financing mechanisms aimed at enhancing agricultural productivity in rural East Africa. |
| - | MyJouleBox, a leading West African solar operator, secures EUR 3m Series A round to boost growth in core markets | EDFI ElectriFI invested a total of EUR 1.5m split (under the Benin Country Window funded by the European Union) for EUR 500,000 into equity alongside Gaia Impact Fund and for EUR 1m into convertible notes together with Triodos Investment Ma... |
| - | EDFI ElectriFI wins ARE Award for 'Best De-Risking & Finance Scheme' | EDFI ElectriFI amongst the winners of the ARE Awards 2020. |
| - | ElectriFI provides development financing to Nextgen | NextGen Solawazi is set up to develop, construct, operate and maintain a 5MW solar photovoltaic (PV) power plant as an Independent Power Producer under the Small Power Producer Program in Tanzania. |
| - | EDFI ElectriFI advances renewable energy access in world’s poorest countries with financing for off-grid solar projects | EDFI ElectriFI (ElectriFI), the EU Electrification Financing Initiative, has committed EUR 4 million to support the introduction of off-grid solar kits, productive tools and solar appliances in Mali and Niger. |
| - | Electrifi commits US$3.5M of development funding for Bumbuna II hydroelectric power project in Sierra Leone | As the 143MW Bumbuna II Hydroelectric power project (Bumbuna II) in Sierra Leone enters the final stages of development, ElectriFI, the Electrification Financing Initiative, has committed US$3.5m of development capital to finance 50% of the... |
| - | EDFI ElectriFI backs microfinance institution Fin’ELLE with a EUR 1.5 million investment to boost renewable energy, energy access and energy efficiency in Côte d’Ivoire | EDFI ElectriFI, the EU-funded Electrification Financing Initiative, contracted a EUR 1.5 million subordinated debt with Fin’ELLE, La Finance pour ELLE. The microfinance institution specialised in financing female entrepreneurs and MSMEs in ... |
| - | EDFI ElectriFI contributes to launch new impact fund “Schneider Energy Access Asia” to increase energy-access for millions of people in Asia | Schneider Electric launches, in partnership with Norfund, EDFI ElectriFI and Amundi, its third impact fund. Schneider Electric Energy Access Asia will be based in Singapore and invest across the whole value chain for energy-access. |
| - | Solarworks! and ElectriFI sign a $4M debt facility to accelerate its expansion in Mozambique | ElectriFI, a EU backed fund that specializes in the electrification and the access to electricity has signed a $4m debt facility with SolarWorks!, a leading Pay-As-You-Go (PAYG) solar home system and energy services provider in Southern Afr... |
| - | EDFI ElectriFI invests EUR 3m in new impact fund for renewables in Africa | Empower New Energy signs first round of equity raising in partnership with Norfund, EDFI ElectriFi and consortium of private investors. |
| - | Nigerian renewable energy solutions provider Arnergy closes Series A financing | ElectriFI contributed to new capital to fuel commercial growth towards providing energy reliability to customers. |
| - | UpOwa raises €3m from EDFI ElectriFI to accelerate expansion in Cameroon | EDFI ElectriFI signed a €3 million debt facility with UpOwa, the leading Pay-As-You-Go solar home system and energy services provider in Cameroon. |
