IMPACT INVESTMENT IN RENEWABLE ENERGY

THE ELECTRIFICATION FINANCING INITIATIVE

• Instruments: Equity, quasi-equity,junior/senior debt, or guarantee, both at corporate and project level. ElectriFI does not provide grants, concessional loans, or other low-cost capital.

• Ticket size: From 0.5 to 10 million euro; capped at 50% of the project cost/funding round.

• Flexible structuring: Instruments,terms, conditions.

• Commercial terms: Pricing and returnexpectations subject to business model, track-record, country and technology risks, but always refl ecting market rates.

• Currency: EUR, USD or local currency.

Small-scale prospects but excluding seed capital or pilot phases. Any investment must show credible professional track-record, strong com-mitment, and alignment of interest by substantial equity participation of the sponsor.

Each investment must be financially viable with a clear path to profitability.

Replicability and scalability are impor-tant, especially for corporate invest-ments or innovative business models.

WHAT ELECTRIFI OFFERS

INVESTMENTCRITERIAOn and off-grid renewable energy gene-ration or distribution creating or impro-ving access to electricity by adding new connections and/or increasing renewable generation capacity; energy effi- ciency.

Corporate or project investments, into for-profit private enterprise, located in (or proceeds to be used in) a country on the OECD DAC list.

ElectriFI is a EUR 215 million impact investment facility for renewable energy companies active on- and off-grid in frontier markets.

ElectriFI is an EU-funded specialist debt and equity financing partner for small-scale private companies. It focuses on new or improved electricity connec tions as well as on generation capacity from sustainable energy sources and energy efficiency.

ElectriFI invests directly in project enterprises and indirectly, through financial intermediaries.

Proven additionality and catalyst role of ElectriFI vs. sponsors and/or other investors.

Demonstrated impact and commitment to high business integrity standards (environmental, social governance, tax, anti-money laundering/know-your-cus-tomer compliance).

Investment decisions are taken inde-pendently and autonomously, based on the merits of each project and following in-depth due diligence.

Typical business models include mini-grids, solar home systems, inde-pendent power projects (IPP) and captive power production. ElectriFI also invests in enterprises active in energy efficiency or energy savings including a cleaner production mix.

ElectriFI operates globally. In addition, it has developed customised investment strategies targeting specific countries and regions; currently Benin, Cote d’Ivoire, Nigeria, Zambia and the Pacific region.

SELECTED CREDENTIALS

REACH OUTElectriFI is continuously looking for new investments. If you are seeking financing for your company or project, please submit project description at www.electrifi .eu.

INVESTORSPartnering with the European Deve-lopment Finance Institutions, the European Union (EU) launched ElectriFI in December 2015 during the COP21 in Paris. Next to the EU, ElectriFI is funded by contributions from the US Power Africa and Sweden.

The EDFI Management Company also manages AgriFI, an EU funded facility focusing on smallholder farmers. www.agrifi.eu

ELECTRIFI MANAGERElectriFI is managed by the EDFI Management Company, established by 15 European Development Finance Institutions.www.edfi.eu

IMPACTElectriFI investments are expected to result in measurable development and climate change positive impact. All projects are monitored based on the following targets:

• number of beneficiairies• new or improved connections• GHGs avoidance • job creation• business & women empowerment• capacity generation