Funding Database

responsAbility – Energy Access Fund

The responsAbilty Energy Access Fund provides working capital to manufacturers and distributors of modern energy products to accelerate their growth and scale of impact. Kenya, Uganda, Tanzania and Rwanda, but it is open to considering projects from other Sub Saharan countries. While its main focus is on hydropower, responsAbility Renewable Energy is actively pursuing projects in the areas of solar, biomass, geothermal and wind. In addition to selling power to the grid, which is the main focus today, it has a special interest in distributed generation, particularly captive generation and minigrids.

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Geographical Focus

Subsaharan Africa

Technology/Sector Focus

  • Small Hydro
  • Solar
  • Biomass
  • Geothermal
  • Wind
Size of Investment
Target Return
Market rates
Total Fund Size
$30 M
Fund Structure

General Fund Information

Type of Investment

Equity and quasi-equity

Investors of Fund

IFC, Shell foundation, EIB

Fund Information

Size of Investment


Target Return

Market rates

Sample Investee

Nyamindi Hydropower Cascade: The project consists of three run-of-river hydropower plants located along River Nyamindi, in Kirinyaga County, Kenya, each with an installed capacity of 8MW. The project is being developed in partnership with: Eco Power Holdings Limited (EPHL), an internationally renowned small hydropower developer and EPC contractor, with a proven track record in East Africa and Green Light Holdings Limited (GLH), a Kenyan project development company.

Additional Project Characteristics

1. Investment in and co-development of small to medium-sized renewable energy projects generating 15-60 MW. In addition to selling power to the grid, which is the main focus, the fund has a special interest in distributed generation, particularly captive generation and mini-grids.
2. Small to medium manufacturers or distributors of energy access products with commercially viable business models in the energy access value chain.

Additional FMC Info



Location of Registration and HQ

Zurich, Switzerland and Nairobi, Kenya

Primary Contact Information For Developers

Joseph Nganga, Project Director & Deputy CEO.

Types of Financing


Minority stake

Technical Assistance / Grants

The fund is complemented by a Technical Assistance Facility, which is supported by SECO. The technical assistance aims at strengthening the operational capacity of client companies of the fund in order to ensure sustainable business growth and maximize development impact.

Debt Mezzanine


Guarantee / Insurance


Requirements for Financing

Project Requirements

ResponsAbility looks at various stages of the project life cycle (development, construction and operations) with a particular focus on the development stage. While responsAbility Renewable Energy aims to diversify among a variety of technologies (mainly solar, biomass, wind and hydro), its main focus is on small- to medium-scale low-impact run-of-the-river hydropower. ResponsAbility Renewable Energy focuses both on attractive and successful renewable energy businesses and on creating prosperity by providing households and businesses with access to basic necessities for further development and improved living standards.

Target Impact

Access to energy to the 1, 3 off grid/lower income population. Environmental, healt and financial benefits for lower-income users. Job creation in the distribution supply chain in various countries across Africa and Asia.