responsability energy access fund

Recently, the Swiss fund manager responsAbility, which manages $2.5 billion in assets, unveiled a milestone for clean energy access in developing countries: the first dedicated debt fund to the . Choose ONE Magazine and TWO Articles for FREE when you register an account Assets Under Management Legal address, headquarters, subsidaries and parent company records. responsAbility Access to Clean Power Fund provides debt to companies supporting increased access to energy with a strong focus on Sub-Saharan Africa and South and Southeast Asia. The new fund targets the financing gap in the effort to provide universal access to clean power in developing countries. Technology change is driving new business models that promote access to electricity. Kenya, Uganda, Tanzania and Rwanda, but it is open to considering projects from other Sub Saharan countries. Business Partners International (BPI) is a fund manager providing debt and equity financing to small and medium-sized enterprises in East and Southern Africa. The fund intends to scale up once it builds a track record in the early years of operations. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. All rights reserved. This information was produced by responsAbility Investments AG together with its partners to the best of its knowledge and belief. Provide clean and affordable power to underserved SMEs and households The fund is structured as a blended finance vehicle, using risk-tolerant capital from philanthropic and public sources to create an attractive investment opportunity for private sector investors. Energy - Electricity, gas, steam and air conditioning supply Description Objectives Investment fund providing debt financing to energy access companies that provide distributed generation solutions (primarily based on solar energy) to households and SMEs mainly Africa and Asia. In June of 2022, responsAbility issued a $14 million loan to d.light, a leading producer of solar-powered products for low-income families in emerging markets. MN has 129 billion euro assets under management and aims for both financial and social return and long-term value creation for its stakeholders, the large metal schemes PME and PMT, as well as the pension fund for the merchant navy. Therefore, mobilization of the private sector depends on catalytic partners - in this fund, investors in the junior share classes. ResponsAbility Energy Access Fund provides working capital to manufacturers and distributors of modern energy products to accelerate their growth and scale of impact. Contacts . Maya Savelkoul has been named director, Dutch impact investments at Bouwinvest and will oversee the launch of the firm's Bouwinvest Community Impact Fund. sanjose-office@fmo.nl. Sam Parker, Director at Shell Foundation, a UK charity, said: responsAbility's first energy access fund, of which we were a founding investor, demonstrated their ability to successfully invest in this market and identify commercially viable high-impact opportunities. We share the same vision. BlackRock Alternative Investors has completed the latest round of funding for its BlackRock Private Infrastructure Opportunities European Long-Term Investments Fund (PI ELTIF), securing more than 415 million ($437 million) of capital commitments. There are 2,988 companies registered at this street, 2007-2022 DATO CAPITAL Luxembourg (Avenue John F. Kennedy), DATO CAPITAL LTD, Filing of financial statement (year ending Dec 31, 2018), Filing of financial statement Jan 1 2017 - Dec 31 2017. responsAbility, a Swiss asset manager, has been active in impact investing since 2003. This illustrates once again the power of blended finance solutions and the importance of effective partnerships like the EIB-Luxembourg Climate Finance Platform, which are built around a shared vision, commented Pierre Gramegna, Minister of Finance of the Grand-Duchy of Luxembourg. Owned by various reputable Swiss and international financial institutions, private investors and its own employees, responsAbility is registered with the Swiss Financial Market Supervisory Authority FINMA. Average of USD 1.5m Over the next two decades Developing Asia's energy demand will nearly double while the region as a whole will be responsible for almost . responsAbility - Energy Access Fund. Copyright 2022 responsAbility Investments AG. Investing. Former name: RESPONSABILITY ENERGY ACCESS FUND S.A., SICAV-SIF, date of change: Latest news. MN is a fiduciary asset manager that carries out the pensions administration for almost two million people in The Netherlands. #13: Climate Action Investment funds | responsAbility Press/Media Events Careers Contact EN | DE Sectors Products Impact & ESG About Magazine Investment funds Products All Sector All By clicking "Accept All Cookies", you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. This website makes use of cookies to function properly. E&S Category Rationale / Risks and Mitigation . Its aim is to drive the growth of development-related sectorsnamely finance, agriculture, and energythrough return-seeking debt and equity investments. Two decades ago I founded the Ashden Awards to showcase scalable renewable energy solutions, but too often these are held back by a lack of investment. Energy is an important precondition to economic development which is why we have set our main focus on improving access to reliable, clean energy. AHL Venture Partners, fund managers of the Adolf H Lundin Charitable Foundation, aim to invest in innovative, scalable business solutions, that contribute to solving pressing social and environmental challenges across Africa. responsAbility, a Swiss asset manager, has been active in impact investing since 2003. Statistic cookies help us to understand how visitors interact with websites by collecting and reporting information anonymously. Over the lifetime of the Fund, portfolio companies are expected to provide clean power to more than 150 m people, add 2,000 MW of clean energy generation capacity and reduce CO2 emissions by 6 m tons. By partnering with entrepreneurs as a first commercial lender, we want to enable clean energy businesses to scale up their activities and attract more funding in the long run, explained Antoine Prdour who oversees responsAbilitys energy debt financing activities. At its first close the Fund stands at USD 151 m. It could grow to USD 200 m with a second close foreseen for later in 2020. It is set up as a blended finance structure offering different risk tranches and has received commitments from a number of prominent public and private investors. Investments that bring renewable energy solutions to households and small businesses in Africa can have a big impact by increasing access to electricity, lowering energy costs and improving power reliability to support growth and job creation in countries where access to power is often limited or too expensive, said Srgio Pimenta, IFCs Vice President for the Middle East and Africa. Given that it is a growing economy, its strategy is based on deploying . We add value that goes beyond capital value, providing active ownership, promoting environmental and . . The off-grid energy sector is at a tipping point, which is why teaming up with a strong fund manager with an impressive track record in sustainably developing markets was very important to us," said Najada Kumbuli, Investment Director at Calvert Impact Capital. #17: Partnerships for the Goals Senior loans The fund is located in Zurich, Switzerland and invests in the Africa, South Asia, Southeast Asia. MN has engaged in impact investing since 2016. We are pleased to support responsAbilitys latest Fund providing debt finance to companies active in this area, explained Mark Davis, Executive Vice President Clean Energy for Norfund. RV rentals in Kuala Lumpur, Federal Territory of Kuala Lumpur are in high demand, especially between Memorial Day weekend and . The ultimate beneficiary is typically the population with limited, unreliable, or no access to energy. The Insitor Energy Access Fund is a venture capital fund that finances clean energy affordable low-carbon alternatives is Developing Asia, which is home to more than half of the world's energy poor. Snowball are delighted to be a founding investor in a fund which aims to help 6 million people secure improved access to clean energy while providing attractive potential returns. AfricInvest makes fourth deal for MPEF IV, Africa-focused alternative investment firm Kuramo Capital Management has invested in Green Africa Airways Series A [], For its latest investment, the Sahel Capital-managed Fund for Agricultural Finance in Nigeria or FAFIN [], Kagiso Tiso Holdings, the South African investment manager, is investing almost $82 million to acquire [], To read this article, you must be a paid subscription member. Any decision to invest in these securities through this Site should only be made after reading the prospectus or by calling 800.248.0337. Shell Foundation and FMO have agreed to cooperate in the fields of access to energy in Sub-Saharan Africa and India, and investment in financial institutions with specific goals to increase access to finance, reduce inequality and promote green financing and agribusiness. Building commercially viable models that expand access to affordable off-grid energy is critical. Besides difficulty in raising fit-for-purpose funding for growth and expansion, issues are mostly operational, including human resource management, and project and market selection and expansion. Current: USD 0.55m Distributes, sells, and installs solar lanterns and Solar Home Systems (SHS) products via a mobile money PAYG system in Africa and Asia. In structuring and going to market with this fund, responsAbility has identified key learnings on the structure of the fund, as well as on the energy access market more broadly - which they will incorporate into their ongoing work in energy access. We are additional when we invest in markets and businesses that are characterised by high risk and scarcity of capital, and when we provide financial instruments associated with high risk. The fund has a strong focus on Sub-Saharan Africa and South and Southeast Asia. The Collaborative for Healthy Communities lends to federally qualified health centers, which provide healthcare to medically underserved communities. Swiss impact asset manager responsAbility Investments has announced the launch of a US 3 million Technical Assistance Facility linked to a responsAbility-managed climate finance fund. Fund Capitalization The responsAbility Energy Access Fund provides debt financing to small and medium-sized companies that aims for a positive economic, social and environmental impact, and enable access [] Required fields are marked *. responsAbility, a leading Swiss impact asset manager, has announced the first close of its new energy access fund. There are large sums of capital required to scale the market and the Fund will address this financing gap by providing loans to commercially viable business models in the energy access value chain. The fund intends to scale up once it builds a track record in the early years of operations. . Beyond the financing of the dynamic off-grid energy sector, the Fund will also actively . The Role Where you fit in? #12: Responsible Consumption and Production By partnering with entrepreneurs as a first commercial lender, we want to enable clean energy businesses to scale up their activities and attract more funding in the long run, explained Antoine Prdour who overseesresponsAbilitysenergy debt financing activities. This is a profile preview from the PitchBook Platform. After completing the payments, customers own a world-class solar home system, with multiple lights, phone charging and a radio, and can finance additional product assets and lifestyle products such as television, bicycle,smart phone, energy efficient cook stove and water tank. Beyond the financing of the dynamic off-grid energy sector, it is the first investment fund of this scope to actively address the solar potential for the commercial and industrial (C&I) sector. Impact investments are investments made with the intention to generate positive, measurable social and environmental impact alongside a financial return. The offering is made solely by the Prospectus. We regard responsAbility as a trusted partner in the field of impact investments in emerging markets. Beyond the financing of the dynamic off-grid energy sector, the Fund will also actively address the solar potential for the commercial and industrial (C&I) sector. By engaging investors around targeted impact objectives and sectors, and working to build fit-for-purpose investment products, the track aims to support a low-carbon transition, help to prevent future emissions, and contribute to the sequestration of existing atmospheric carbon. responsAbility is headquartered in Zurich, Switzerland, and has local offices in Bangkok, Geneva, Hong Kong, Lima, Mumbai, Nairobi, Oslo, Paris and Tbilisi. At its first close the Fund stands at USD 151 m. It could grow to USD 200 m with a second close foreseen for later in 2020. Read more about our use of cookies in ourCookie statement. being international Private Equity Funds, on (from Kenyan Law prospective) syndicated loan agreements and security documents on a loan facility involving securitisation by a Kenyan company for a borrowing by an affiliate of . ResponsAbility Access to Clean Power Fund, To view ResponsAbility Access to Clean Power Funds complete limited partners history, request access, Morningstar Institutional Equity Research. The Salvation Army is a registered charity that operates in 128 countries worldwide running charity shops, shelters for the homeless and coordinating disaster relief and humanitarian aid to developing countries. The fund is located in Zurich, Switzerland and invests in the Africa, South Asia, Southeast Asia. It is active in Kenya, Uganda, Tanzania and Rwanda, but can consider projects from other Sub Saharan countries. This Fund is a catalyst for change and shows the benefits of investing for a zero carbon future," said Sarah Butler-Sloss, Chair ofthe Ashden Trust. We are excited about this opportunity to strengthen a financial intermediary that moves capital to clean energy companies and projects and does so both efficiently and at scale. We share the same vision. Bouwinvest works with roadmaps . responsAbility's new energy access fund holds first close January 19, 2020 Debt, Funds 0 Image Credit: Pixabay Impact investor responsAbility has held the first close for its latest private debt fund which, while it will finance clean power opportunities globally, will have a particular focus on those in sub-Saharan Africa and Southeast Asia. responsAbility collects data from their borrowers across a set of defined outcome objectives. FMO is delighted to announce its investment in the Fund, because it directly contributes to achieving universal access to clean and affordable energy (SDG 7). selco_fund@selco-india.com +91-80 2649 3144 +91-80 . EIBs investment in the Fund is a clear demonstration of our commitment to sustainable energy access. Stephanie BiloresponsAbility Investments+41 44 403 0553stephanie.bilo@responsAbility.com. A leading impact asset manager with a 16-year track record, responsAbility manages over USD 3 bn of assets invested in 450 fully ESG-compliant high-impact companies across 90 emerging economies. This illustrates once again the power of blended finance solutions and the importance of effective partnerships like the EIB-Luxembourg Climate Finance Platform, which are built around a shared vision, commented Pierre Gramegna, Minister of Finance of theGrand-Duchy of Luxembourg. Ashden Trust's priorities are climate change, sustainable development and improving the quality of life of vulnerable and disadvantaged people. It has become a leader in the micro-grid sector since launch in 2011. The loan will finance new solar projects in South Africa and India to mitigate the effects of climate change and will provide candi with the flexibility to allocate the funds according to the needs of their growing portfolio. If nothing is indicated to the contrary, all figures are unaudited. Powergen is an energy service company powering homes, small businesses and communities through solar micro-grids in East Africa. The centre of gravity in the Middle East has shifted towards Arabian Peninsula countries and, within this geopolitical scope, the UAE is a regional actor taking very bold steps in the international sphere. By using The GIIN, you accept Asset class Fixed Income The investment is part of our Blended Finance Catalyst Pool and our broader sustainable finance initiatives, which are helping to advance the United Nations Sustainable Development Goals.. IPO or management buyout through private equity investment are very unlikely. responsAbility Investments AG is an asset manager in the field of development investments and offers professionally-managed investment solutions to private, institutional and public investors. Two decades ago I founded the Ashden Awards to showcase scalable renewable energy solutions, but too often these are held back by a lack of investment. About responsAbility Investments AG responsAbility Access to Clean Power Fund SA, Sicav-SIF, Luxembourg, The Trade and Companies Register B195014: Network, Financial information North Data Home Premium Services Data Services Login Premium Services Data Services Login Sub-Saharan Africa, Asia Pacific Impact Focus (Current members, Weekly Wrap, December 5th, 2022; Alitheia IDF backs travel business MBO, Mastercards new $200mln Fund-of-Funds, Aruwa holds oversubscribed final close, and more, Aruwa wraps up Fund I fundraise with oversubscribed final close, Alitheia IDF backs corporate travel firm MBO for eighth deal, Mastercard Foundation launches SME-focused fund-of-funds with $200mln, LHGP and Oikocredit invest debt in Solarise Africa. Copyright 2022 - Global Impact Investing Network. The fund anticipates holding a second close with additional investors by the end of this year when it could have grown to $200 million in size. ResponsAbility, a Swiss impact asset manager, has announced the first close of its new energy access fund at $151m. our cookie policy. Develop Construct Operate We collaborate with international investors, lenders, host governments and local utilities to generate reliable cost-effective renewable energy while avoiding greenhouse gases (GHG) emissions. Target Return With USD 200 m climate debt fund, The responsAbility Energy Access Fund is an open-ended investment vehicle with the objective of providing debt financing between USD 500,000 and 3 million to entities which operate across the entire renewable energy sector value chain. By 2030, all Mozambican households should have access to sustainable and affordable e. It does not constitute an offer or a recommendation to buy or sell financial instruments or services and does not release the recipient from exercising his/her own judgment. The Fund is dedicated to providing debt financing to fast-growing companies which promote access to decentralized modern energy solutions, primarily in Africa and Asia. Glenmede is an investment and private wealth management firm founded in 1956 with a long history of partnering with its clients to align their social and environmental goals with their financial objectives. Sam Parker, Director at Shell Foundation, a UK charity, said: "responsAbility's first energy access fund, of which we were a founding investor, demonstrated their ability to successfully invest in this market and identify commercially viable high-impact opportunities. responsability access to clean power fund (acpf) is a private debt fund that seeks to address the lack of access to clean power globally, with a strong focus on sub-saharan africa and south and southeast asia, and The climate fund announced its first close in January 2020. The responsAbility Global Microfinance Fund is an open fund and has assets of over a billion USD, but is not available in English-speaking countries. We regard responsAbility as a trusted partner in the field of impact investments in emerging markets. It also targets to bring down stunting among children in the age group 0-6 years from 38.4% to 25% by 2022. The recently launched US$ 34 million responsAbility Energy Access Fund (the Fund) was established by responsAbility Investments AG in collaboration with founding partner Shell Foundation and anchor investor IFC, a member of the World Bank Group. . It is set up as a blended finance structure offering different risk tranches and has received commitments from a number of prominent public and private investors. Zurich-based impact asset manager responsAbility Investments announced that its recently launched Climate Fund has qualified for the 2X Challenge, a leading initiative deploying and mobilizing capital to empower women and enhance their economic participation in emerging markets. Founded in 2005, Beartooth Capital is a real assets investment firm that has acquired nearly 25,000 acres in the Western United States with the intent to restore and rehabilitate degraded wildlife habitats, waterways, and ranchlands. These are necessary cookies to remember your site preferences and choices you make on the site including remembering your username, region, and language preferences, and/or whether you provided us with consent to place the cookie. The Energy Access Fund seeks to provide access to clean energy for households and SMEs. In alignment with this mission, I am delighted for the Trust to invest in this Fund. 2015 We also support both the physical and economic well-being of the communities in which we operate. Legal Address [lb] 5, rue Jean Monnet Luxembourg LU-LU LU L-2180. The Fund is an initiative launched in partnership with AHL Venture Partners, Ashden Trust, Bank of America, Bohemian Impact Investments, Calvert Impact Capital, Clean Technology Fund, EIB, Facebook, FMO, Good Energies Foundation, the government of Luxembourg, IFC, Norfund, OeEB, Shell Foundation, Snowball and UK DFID, among others. These small and medium size businesses (SMEs) operate in developing markets, and largely target low income households as well as SMEs. The country has a considerable potential for renewable energy, with significant . The opinions expressed in this information material are those of responsAbility Investments AG at the time of writing and are subject to change at any time without notice. A second close is expected for later this year. . Size of Investments Prudential Financial, with operations in the U.S., Asia, Europe, and Latin America, provides its customers with a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, and investment management. In March of 2022, the responsAbility Access to Clean Power Fund partnered with BIO, a Belgian investment company for developing countries, to provide a $10 million equivalent multi-currency loan to candi solar, a financial and clean energy platform. This strategy has allowed the fund to deploy more than $5m to several clients and been . This case study was made possible by the generoussupport of the U.K. Government through the Department for International Developments ImpactProgramme. Since 2013, BURN has sold hundreds of thousands of cookstoves, improving the environment and saving consumers tens of millions of dollars in charcoal costs. Among them are AHL Venture Partners, Ashden Trust, Bank of America, Bohemian Impact Investments, Calvert Impact Capital, Clean Technology Fund, EIB, Facebook, FMO, Good Energies Foundation, the government of Luxembourg, IFC, Norfund, OeEB, Shell Foundation, Snowball and UK DFID. Your email address will not be published. Tortoise Energy Infrastructure Corp. and Tortoise Midstream Energy Fund Inc. were closed-end funds, according to the . The loan provided was a USD $4 million senior corporate loan disbursed in tranches which would be used to finance working capital. This material is provided for information purposes only. Business entity registration information for responsAbility Access to Clean Power Fund S.A., SICAV-SIF. While its main . Africas energy sector faces four inter-related challenges: insufficient installed capacity; limited last mile distribution; poor reliability; and high costs. responsAbility Ventures I is a venture capital fund managed by responsAbility Investments. The private debt fund addresses the lack of access to clean power globally with a strong focus on Sub-Saharan Africa, South and Southeast Asia. It supports exciting new businesses which bring access to renewable energy to households and businesses in emerging economies. Sam Parker, Director atShell Foundation, a UK charity, said: responsAbility's first energy access fund, of which we were a founding investor, demonstrated their ability to successfully invest in this market and identify commercially viable high-impact opportunities. But it's holding an annual board of directors meeting nearly 600 miles outside its service . Click here for a legal disclaimer from responsAbility. Through their inclusive business models, these firms help to meet the basic needs of broad sections of the population and to drive economic developmentleading to greater prosperity in the long term. rareh was created in december 2013 with the goal to invest in and co-develop small- and responsAbility Investments AG. General Information Description ResponsAbility Access to Clean Power Fund is a renewable energy based infrastructure fund managed by responsAbility Investments. Headquarters Address [lb] c . This partnership plays a key role in our ambition to come to an inclusive and green financing strategy.. We will offer and sell our securities only in states where authorized. The off-grid energy sector is at a tipping point, which is why teaming up with a strong fund manager with an impressive track record in sustainably developing markets was very important to us," said Najada Kumbuli, Investment Director atCalvert Impact Capital. Access to reliable electricity is a prerequisite for economic growth, job creation and development. This role is part of an integrated Mobility US Network Planning team. Companies in the energy access sector face a set of challenges that can prevent rapid scale if not addressed. Operation to be under the Luxembourg-EIB Climate Finance Platform. East Asia & Pacific, South Asia, Sub-Saharan Africa, Energy Access at Home and Abroad: Bringing Clean Energy to New Global Communities, 7550 Wisconsin Avenue | 8th Floor | Bethesda, Maryland 20814 | Phone: 800.248.0337 | Fax: 301.576.8444 | info@calvertimpact.org. Date Filing Type Offered Sold Remaining Inception Year . The company's investment solutions supply debt and equity financing predominantly to non-listed firms in emerging and developing economies. There are approximately 1.2 billion people living without access to power grids, 97% of which are in sub-Saharan Africa and Asia Pacific. EIBs investment in the Fund is a clear demonstration of both our commitment to sustainable energy access. #3: Good Health and Well-Being Lessons Learned on the Energy Access Market: The Climate Investing Track seeks to mobilize capital toward investments that mitigate climate change. The Global Impact Investing Network is the global champion of impact investing, dedicated to increasing its scale and effectiveness around the world. Over the lifetime of the fund, portfolio companies are expected to provide clean power to more than 150 m people, add 2,000 MW of clean energy generation capacity and reduce CO2 emissions by 6 m tonnes. +31 70 314 96 96 Norfund is a limited partner in the Fund, which is managed by responsAbility. Beyond the financing of the dynamic off-grid energy sector, it is the first investment fund of this scope to actively address the solar potential for the commercial and industrial (C&I) sector. With these cookies we analyze the use of our website. Founded in April 2003, and now with more than USD 3 billion in assets under management, the companys investment solutions supply debt and equity financing predominantly to non-listed firms in renewable energy, agriculture and financial inclusion in emerging and developing economies. The Fund is an initiative launched in partnership with AHL Venture Partners, Ashden Trust, Bank of America, Bohemian Impact Investments, Calvert Impact Capital, Clean Technology Fund, EIB, Facebook, FMO, Good Energies Foundation, the government of Luxembourg, IFC, Norfund, OeEB, Shell Foundation, Snowball and UK DFID, among others. Reliable sources of energy for these households might include solar lanterns (which replace kerosene or other solid fuel burning by providing access to reliable light - some with options for small device charging) and solar home-systems (which provide household-level access to energy for charging, electricity, and lighting). responsAbility launches USD 200 m climate fund. Geographically, it's the world's largest such system operator, according to Thomson Reuters. This site uses cookies to provide you with a great user experience. This Fund is a catalyst for change and shows the benefits of investing for a zero carbon future," said Sarah Butler-Sloss, Chair of the Ashden Trust. The fund's main goal is to create sustainable real estate that also has a positive social impact by improving community wellbeing through affordable, suitable and healthy (care) homes and public amenities. The growth of these small- and medium- sized enterprises is critical to catalysing energy access for low . The Fund is an initiative launched in partnership with AHL Venture Partners, Ashden Trust, Bank of America,Calvert Impact Capital, Clean Technology Fund, EIB, Facebook, FMO, Good Energies Foundation, the government of Luxembourg, IFC, Norfund, OeEB, Shell Foundation, Snowball, the Swiss State Secretariat for Economic Affairs SECOand UK DFID, among others. Ashden Trust's priorities are climate change, sustainable development and improving the quality of life of vulnerable and disadvantaged people. By partnering with entrepreneurs as a first commercial lender, we want to enable clean energy businesses to scale up their activities and attract more funding in the long run, explained Antoine Prdour who oversees responsAbilitysenergy debt financing activities. The Fund shall shall seek responsible exits that perpetuate social impact. RESPONSABILITY INVESTMENTS AG,MULTICONCEPT FUND MANAGEMENT SA Location Regional - Africa Regional - Asia Description Investment fund providing debt financing to energy access companies that provide distributed generation solutions (primarily based on solar energy) to households and SMEs mainly Africa and Asia. MN sees the integration of climate-related opportunities and risks in investment decisions and processes as its fiduciary duty. The fund intends to scale up once it builds a track record in the early years of operations. Energy: 0.24: 4.64: Financials: 12.38: 11.40: Health Care: 15.88: 14.70: Industrials: 9.38: 8.59: Information . The company was incorporated in 2008 and recently reached profitability. We first invested in a responsAbility-managed fund targeting energy access for populations across Sub-Saharan Africa in 2015 and are delighted to take this initiative to the next level," declared Rosanne Whalley, CEO at AHL Venture Partners. STRUCTURE DETAILS Learn more. The fund is structured as a blended finance vehicle, using risk-tolerant capital from philanthropic and public sources to create an attractive investment opportunity for private sector investors. Underlying Assets For more information, see www.mn.nl. This investment addresses the critical need for access to affordable, clean energy in emerging markets, said Dan Letendre, managing director in Bank of Americas Environmental, Social and Governance division. Document Type Publication date Download link; Registry: Feb 17, 2022: Non-statutory modification of directors: Registry: Nov 25, 2021: Non-statutory modification of directors 21025. Technology change is driving new business models that promote access to electricity. Because lack of working capital is a key barrier to a faster growth of the sector. The Fund targets companies that provide solutions to households without access to electricity and to businesses looking for cleaner, cheaper and more reliable energy. Areas of support include: The final beneficiaries of the Energy Access Fund are normally households. BLK2 is the largest off-balance-sheet financing facility of its kind. responsAbility Access to Clean Power Fund S.A., SICAV-SIF raised $10,500,000 from 2 investors on 2020-12-18. responsAbility Access to Clean Power Fund S.A., SICAV-SIF Filings. Founded in 2012, SunFunder aims to drive a global energy transformation to provide universal access to energy and mitigate the environmental impacts of energy production and distribution to limit climate change. By: RERD2Energia para todos (Energy for All) The Mozambican government's ambition is clear: Energia para todos. The customer centric model sells power on a pay-as-you-go basis. #5: Gender Equality cheaper and more reliable energy. PowerGen is now developing into a full private utility. The loan will provide flexible capital to fund d.lights newly established financing vehicle, Brighter Life Kenya 2 (BLK2), and allow the organization to expand its operations across Africa. For example, the $2 million first-loss tranche Shell Foundation provided to the responsAbility Energy Access Fund has underpinned $32 million investment to-date. Closed, 10 Year This investment is particularly additional on the following ambitions: The Norwegian Investment Fund for Developing Countries. It looks at hydropower, solar, biomass, geothermal and wind. The California Endowments goal with the FreshWorks Fund is to increase the availability of healthy food options in areas where there is limited access, particularly low-income communities. It targets sectors of infrastructure, business products and services, cleantech and renewable energy and seeks impact investment. Additionality is a central part of Norfund's mandate. ResponsAbility Access to Clean Power Fund is a renewable energy based infrastructure fund managed by responsAbility Investments. Reduced reliance on dangerous and polluting light sources, Increased productive hours for work and education, Increased connectivity for improved access to information, Healthy Neighborhoods Loan Pools I and II, The Collaborative for Healthy Communities, California FreshWorks Fund Term Debt Facility, Peak II (Providing Employment and Knowledge), Lok Capital's Exit from a Microfinance Company, Beartooth Capital's Exit from Montana Ranchland, What You Need to Know about Impact Investing, Leapfrog and BIMA: Reaching the Unreachable, ACUMEN & EVERYTABLE: Bringing Good Health into Reach, Patamar Capital and Kinara Capital: Transforming Lives, Livelihoods, and Local Economies, Podcast | Next Normal: Re-imagining Capitalism for Our Future. With a solid track record of investing in the energy access space, a committed team of experts and a full pipeline in place, we are ready to expand our activities to include the high-impact commercial & industrial sector. It is set up as a blended finance structure offering different risk tranches and has . responsAbility collects data from their borrowers across a set of defined outcome objectives. We are thrilled to be part of the further development of this investment approach helping to reach the 840 million people still living without access to affordable, reliable and modern energy services., 2018-2022 African Development Bank Group, responsAbility launches US$200 million climate debt fund, EU pumps another 82m into African renewables, Chad: Merl Solar to supply 100 MWp from two solar power plants in Gaoui, Siemens Gamesa helps feed 250MW of wind energy to South Africas grid, Global Landscape of Renewable Energy Finance 2020, Uganda tops African countries with well-developed electricity regulatory frameworks - ERI 2020 report, Senegal to host 30 MW solar park coupled to 15 MW/45 MWh of storage, Nigeria: Govt, Transcorp sign deal on Afam power plant, Construction begins on 41 MW solar project in Mozambique, AUDA-NEPAD and AfDB report new milestone in Africas energy masterplan, DR Congo: Ituri launches its own electricity company and aims for 15 MW of clean energy, Report: The Grid won't connect Africa, but Solar can, Malian gold mine to be powered by 3.9 MW/2.6 MWh solar-plus-storage plant, Tanzanias Songas gas power project, a successful example of PPP, Nigeria considers supplying electricity to Chad, Africa Energy Market Place Project Resources, Multinational - Nigeria-Niger-Benin-Burkina Faso Power Interconnection Project, Djibouti Geothermal Exploration Project in the Lake Assal Region, Multinational - Projet dinterconnexion lectrique Cameroun- Tchad (composante Tchad), Madagascar - Etude de faisabilit du projet de renforcement et d'interconnexion des rseaux de transport d'nergie lectrique, Multinational - 225KV Guinea-Mali Electricity Interconnection Project, Mali - Mini Hydropower Plants and Related Distribution Networks Development Project (PDM-Hydro), Table 1 - List of Developers in Africa.pdf, https://www.responsability.com/en/responsability-launches-usd-200-m-climate-deb, Tanzania: Govt upbeat on Nyerere Hydropower Project completion, Ghana: Government to absorb electricity bills for the poor, others to, Ghana: Government terminates PDS contract with ECG, AFRICAS GREEN ENERGY REVOLUTION (Hydrogens role in unlocking Africa, Just Transition in a Renewable Energy Rich Environment: The Potential. #7: Affordable and Clean Energy Its aim is to drive the growth of development-related sectorsnamely finance, agriculture, and energythrough return-seeking debt and equity investments. By providing debt to companies supplying off-grid and distributed energy generation solutions to households and SMEs, the Fund will fill an important financing gap in a sector that is essential to achieving both economic and social development, said Emma Navarro, Vice President, European Investment Bank (EIB). This partnership plays a key role in our ambition to come to an inclusive and green financing strategy.. A second close is expected for later this year. responsAbility's Access to Clean Power Fund provides senior and mezzanine debt to companies that provide access to energy solutions to households and SMEs, including C&I. Advising responsAbility Energy Access Fund S.A, Micro, Small & Medium Enterprises Bonds S.A and Symbiotics SICAV (Lux.) SDGs Targeted responsAbility's Energy Access Fund, which provides working capital finance to off-grid solar enterprises, adapted its strategy early in the crisis to work primarily with existing counterparties or with companies with which they had existing relationships. Les mer om bruken av cookies i vr personvernerklring. The growth of these small- and medium-sized enterprises is critical to catalysing energy access for low-income households at scale. Poshan Abhiyaan/National Nutrition Mission: It aims to reduce stunting, undernutrition and Anemia (among young children, women and adolescent girls) and reduce low birth weight by 2%, 2%, 3% and 2% per annum respectively. Reduced reliance on dangerous and polluting light sources Increased productive hours for work and education Increased connectivity for improved access to information Because the energy access sector is not fully mature, the track records of all funds in this space are limited. This series of case studies represents one type of educational resource offered to climate investors through the track. (up to the last 3 years) In June of 2022, responsAbility issued a $14 million loan to d.light, a leading producer of solar-powered products for low-income families in emerging markets. Non-statutory modification of directors 16016 Particulars of directors filed separately, Incorporation of the company and publication of articles of association, Allianz Renewable Energy Fund, SA Sicav-Sif, Extended Company Report with Annual Accounts, Wednesday, November 27, 2019 9:55:37 PM UTC, complete list of titles of filed documents, full registry information with list of directors and secretaries. Of our commitment to sustainable energy access Fund S.A., SICAV-SIF $.... Age group 0-6 years from 38.4 % to 25 % by 2022 nothing is indicated to the,. Of development-related sectorsnamely finance, agriculture, and energythrough return-seeking debt and equity financing to. 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