Schneider Electric Energy Access Asia (SEEAA)

Schneider Electric, with the support of Norfund, ElectriFIi and Amundi, laucnhed their new impact fund Schneider Electric Energy Access Asia (SEEAA). The fund aims to reach 350 million people in South and South East Asia and connect rural households, small businesses and collective services such as schools or health stations to electricity.

Project overview

EDFI ElectriFI committed EUR 6.3M to help connect more than 1 million people to reliable and affordable electricity supply and avoid some 150,000 of CO2 emissions annually. Through Schneider Electric Energy Access Asia (SEEAA), ElectriFI will provide the much needed early-stage investment capital to companies active in the access to energy space in Asia-Pacific.

Schneider Electric Energy Access Asia (SEEAA), an impact investment facility dedicated to support Asia-Pacific early stage companies in the off-grid energy access space. SEEAA is managed by Schneider Electric and aims at investing across the value chain, targeting companies active in manufacturing and distribution activities in both SHS and mini-grid space.

Funding objective

Through SEEAA, EDFI ElectriFI will provide the much needed early-stage investment capital to companies active in the access to energy space in Asia-Pacific. Contributing to SEEAA, EDFI ElectriFI will help connect more than 1m people to reliable and affordable electricity supply and avoid some 150 thousand of CO2 emissions annually.

Investment rationale

The expected portfolio of SEEAA will largely be
comprised of business activities that have limited adverse environmental and social risks and impacts that are few, site specific, largely reversible and can be readily addressed through mitigation measures.

Read more:

• Schneider Electric Energy Access Asia (SEEAA) | ElectriFI
• EDFI ElectriFI contributes to launch new impact fund “Schneider Energy Access Asia” to increase energy-access for millions of people in Asia | ElectriFI
• Schneider Electric announces the creation of its third impact fund “Schneider Energy Access Asia” | Schneider Electric Global (se.com)