Bamboo Energy Access Multiplier (BEAM)
Benin, Burkina Faso, Myanmar, Nigeria, Senegal, Sierra Leone, Togo
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.
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.
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.
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.