About
The Electrification Financing Initiative (ElectriFI) is a blending facility funded by the European Union and managed by the EDFI Management Company. ElectriFI aims to unlock, accelerate and leverage private sector investment to increase or improve access to affordable, reliable, sustainable and modern energy in developing countries.
ElectriFI aims to accelerate the development of businesses providing access to clean energy to hundreds of millions of people by 2030. ElectriFI’s unique business model relies on EU funding so that it can invest in local markets in poorer economies and fragile situations. By combining technical assistance and risk capital, ElectriFI can take greater risks than other investors. ElectriFI’s activities de-risk investments and allow private investors and development finance institutions to deploy capital that they could not have invested otherwise.
A collaborative approach to building markets through partnerships
ElectriFI is managed by FMO who has sub-delegated implementation to EDFI MC, a subsidiary of EDFI, the Association of European Development Finance Institutions. The facility is funded by the European Union, Power Africa, Sweden and Italy. Total size of the ElectriFI facility is 253 million euros earmarked as follows:
- Global window: A budget of EUR 126 million made available for all emerging markets, including additional support from Power Africa (USD 10 million targeted at Sub-Saharan Africa), Italy (EUR 5 million) and Sweden (EUR 5 million).
- Country windows: developed in partnership with EU Delegations and host governments, ElectriFI Country Windows offer offering dedicated funding for selected countries.Country Windows are established in close collaboration with EU delegations and with the support of national governments. The first set of Country Windows (launched in 2018) was allocated to Zambia (EUR 31m), Nigeria (EUR 30m), Côte d’Ivoire (EUR 10m), Benin (EUR 5m) and Pacific (EUR 8m). The second set of Country Windows (contracted at the end of 2020) will deploy specific funding for Kenya (EUR 24.7m), Burundi (EUR 9.3m), Eswatini (EUR 5m) and Uganda (EUR 5m).
Additionality and catalytic role
additional to other market players and catalysing additional investments
Leverage 4.2X
Catalysed additional
€414 million
of investments
ElectriFI
encompasses several facilities:
Projects approval
ElectriFI has obtained approval for the following projects:
Aruwa Capital Fund II – November 2024
PENDING CONTRACTING: these investment proposals have received final approvals and now are entering into the contracting phase. The information as disclosed is thus indicative and provides a basis for general informational purposes only. It should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing, prior to final decision. This proposed investment is online for 30 days. In case of questions, please contact us at info@edfimc.eu
Map of ElectriFi investments
