Bamboo Energy Access Multiplier (BEAM)
Period
2019
Country
Benin, Burkina Faso, Myanmar, Nigeria, Senegal, Sierra Leone, Togo
Sector
Renewable energy
Financial facility
ElectriFI
ElectriFI invested USD 8 million in the BEAM investment platform to deploy early stage equity capital for distributed energy service companies (DESCOs) and unlock further debt capital. The project will allow access to new Solar Home System distributors in emerging markets and enable the electrification of 270,000 rural households.
Project overview
ElectriFI contracted a USD 8 million equity loan- to provide Bamboo Energy Access Multiplier (BEAM) the necessary capital to support the launch of up to 4 new solar home system distribution companies in underserved markets.
BEAM is a 25m USD impact fund, with objective to invest in BBOXX Ltd and greenfield and early-stage solar home system distribution companies in countries where the electric grid is either not reaching a significant portion of the population and/or unreliable and insufficient.
BEAM is managed by Bamboo Capital Partners, an impact investment firm with focus primarily in energy, financial services and agribusiness in emerging markets.
Funding objective
EDFI ElectriFI equity investment will provide BEAM the necessary capital to support the launch of up to 4 new solar home system distribution companies in underserved markets.
Investment rationale
BEAM will focus on investments in businesses that help reduce energy poverty whilst contributing to protecting the environment, and fostering fairer, healthier and more inclusive livelihoods. The fund pays particular attention to finance solutions that adapt to climate change and reduce greenhouse gas emissions, thus improving their sustainability. In line with this, BEAM investments will only be made in businesses employing renewable energy technologies and solutions.
Key Indicators
Financial Instrument
Equity
Amount
USD 8m
Year
December 2019
Targeted impact
