19 March 2019 | The Electrification Financing Initiative (ElectriFI) has recently announced the launch of its new Country Window for Ivory Coast at the Energy Access Investment Forum (EAIF) in Abidjan. This is not only good news for developers and financiers but first and foremost for the local population in underserved regions.
With €10m funds available, the Country Window will invest in projects and companies whose aim it is to increase access to clean, reliable and affordable energy production. The Ivory Coast Country Window is one of several ElectriFI investment windows which will be launched in the upcoming weeks. As usual for ElectriFI, the focus will be on projects with ticket sizes of €1m or more. Smaller projects may also eligible. ElectriFI, for the first time, is exploring the possibility of partnering up with local financial intermediaries: a novel approach with great potential for replication in other countries.
Developers working in the fields of solar home systems, energy efficiency, captive power and IPP will have access to ElectriFI’s financial services. For investors, ElectriFI promises to de-risk markets – always in adherence to its guiding principles of additionality and neutrality. Ideally, Ivory Coast should expect a crowding in of investors working together with ElectriFI to finance high-impact renewable energy projects.
Promising but not yet bankable projects may be interested in GET.invest’s Finance Catalyst. It provides advisory support on project development, project structuring and accessing finance through a team of dedicated experts with extensive experience. During the EAIF 2019, where the Country Window was first announced, GET.invest also held a two-day matchmaking session with 265 B2B meetings.
GET.invest and ElectriFI will continue their close collaboration initiated under GET.invest’s predecessor RECP. While the ElectriFI Country Window will be an additional source of financial services, GET.invest will focus on its main areas of competence – that is, private sector mobilisation and pipeline development.