The Electrification Financing Initiative (ElectriFI) is a financing scheme that bridges the gaps in structuring and financing, stimulating the private sector, and mobilising financiers. Its mission is to grow viable businesses and projects that create new connections to affordable, reliable, and sustainable energy in developing and emerging countries.

EDFI Management Company manages the ElectriFI fund with a total amount of EUR 116 million provided by the European Commission, including a contribution from Power Africa targeting exclusively the sub-Saharan African region.

The ElectriFI team look forward to receiving your investment proposals from 1-28 February 2017 (23.59pm, CET), and collaborating with outstanding parties to achieve common goals in creating new connections to renewable energy in challenging markets.

Please keep in mind the following considerations:

  • ElectriFI is targeting projects / businesses that provide new connections to electricity;
  • The project / business must be financially sustainably in the near-term (2-3 years);
  • Projects must be in the active stage of development;
  • ElectriFI provides no grant funding, concessional loans or other low-cost capital. Our investments are generally high risk and we expect corresponding financial returns;
  • ElectriFI must be additional to others. We only finance companies and projects without easy access to finance from others and with a clear need for flexible interim financing solutions;
  • ElectriFI investment amounts are between EUR 500,000 and EUR 10.0 million (or equivalent in USD or local currency) in equity, quasi-equity, debt and guarantees. We do not fund more than 50% of the total project costs or the balance sheet. Sponsors/promoters must provide a substantial part of the total required funding;
  • It is key for us to support projects led by an experienced management team with the skills, will, and vision to execute the business plan, an unwavering commitment to access to energy, and unyielding ethics.

The ElectriFI application pool is very competitive with less than 8% selected in the first call. Please read carefully their investment criteria and guidelines to determine eligibility. Each company may submit a maximum of two applications per Call of which no more than one may be selected.

The online application form is accessible via the ElectriFI website.