Geographical Focus
Sub-Saharan Africa, excluding South Africa

Technology/Sector Focus
- Small Hydro
- Wind
- Geothermal
- Solar
- Stranded Gas
- Biomass
Size of Investment
Target Return
Total Fund Size
Fund Structure
General Fund Information
Type of Investment
Equity
Investors of Fund
African Development Bank, CDC, GEEREF, EIB, GEF, Sustainable Energy Fund for Africa (SEFA), West African Development Bank (BOAD), Ecowas Bank for Investment and Development (EBID), FMO, Calvert Investments, CDC Group, BIO, OeEB - the Development Bank of Au
Fund Information
Size of Investment
$10-30M
Target Return
20%
Additional Project Characteristics
Additional FMC Info
Network/Partners
SEFA, AfDB, GEEREF
Location of Registration and HQ
Nairobi, London
Primary Contact Information For Developers
Types of Financing
Equity
Equity Project Finance, for approx 30-50% of project with market rate returns after fees, carried interest, and taxes. No more than 50% of fund in one technology.
Technical Assistance / Grants
AREF manages an additional $10 million Project Support Facility (PSF), which will provide resources to be deployed at an early stage to structure bankable deals.
Debt Mezzanine
The Clusters Solar PV Project, funded by the World Bank through the Ministry of Energy and Minerals (MEM) and the European Union, implemented by Camco Clean Energy in Tanzania, addresses key market barriers to the development of solar PV systems in rural T
Guarantee / Insurance
N/A
Requirements for Financing
Applicant Requirements
5-50 MW
Target Impact
Increasing renewable energy generation in Africa.
Due Diligence Requirements
Standard project documentation.
Detailed Description Of Funding Process Procedure
Origination by partnership with local sponsor/developer after initial and before detailed development stage.