Results of Round 1 Phase 1 of ElectriFI (16 June 2016)

The results of Phase 1 will be communicated to all applicants in the week commencing 20 June 2016.

ElectriFI received 290 applications during Phase 1 of which 19 projects have received approval by our selection panel to proceed to Phase 2.

Beyond the 19 selected projects, there are many applications that demonstrate great potential. However, ElectriFI's can only start with a limited number. In our selection process, we looked at the quality of the proposals and the spread within the portfolio (e.g. geography, technologies, business models).

Successful applicants will be notified first with an explanation of next steps. The applications that we cannot support at this point in time will be notified shortly thereafter.

ElectriFI expects to launch a second round in the fourth quarter of 2016.

ElectriFI's first Invitation for Proposals update (6 June 2016)

ElectriFI received 290 applications during its first Invitation for Proposals which was open from 15 April 2016 until 6 May 2016. ElectriFI sent all applicants a confirmation of receipt email with a unique application number for each project. The applications are currently being assessed.

A small number of projects that successfully pass the Phase 1 screening will then be invited to submit a more detailed Phase 2 Proposal. Projects that pass the Phase 2 screening will be presented to the ElectriFI Investment Committee for Clearance in Principle. If the Investment Committee approves a project, ElectriFI will sign a Letter of Interest with the Sponsor and further due diligence will take place.

We expect to inform applicants of the outcome of the Phase 1 screening in the latter part of June 2016.

A second Invitation for Proposals is planned for the fourth quarter of 2016. Please contact ElectriFI on electrifi@edfimc.eu if you would like to receive the announcement.