ElectriFI to participate in the Making Solar Bankable Conference

Sigora connects 3,420 households to 24/7 renewable electricity in Northern Haiti

“We make kilowatt hours, and we sell kilowatt hours. It’s that simple”, says Andy Bindea, founder of the micro-utility start-up Sigora Haiti (www.sigorahaiti.co), which is now connecting 3,420 households just two years after driving its first post in the ground on Haiti’s Northwestern peninsula. At the end of 2016, Sigora raised US$2.5 million from ElectriFI […]

First equity transaction for ElectriFI with Mera Gao Power

04 May 2017, Brussels/Lucknow – India The Project Mera Gao Power (MGP) India, fully owned by Micro Grid Power Global Singapore, was set up in 2011 to design, build, own, operate and maintain the world’s lowest cost micro grids to provide priority energy services to India’s remote off-grid hamlets. MGP’s village-level automated micro grids generate […]

ElectriFI Manager

Early May 2017, Dominiek Deconinck joined the team in the position of ElectriFI manager. Dominiek brings a wealth of experience stemming from over 18 years of impact investments both in the sector of financial inclusion in emerging and developing countries as well as in companies and projects in the sector of renewable energy and environmental […]

NextGen receives Development Financing from ElectriFI

28 March 2017, Brussels/Dar es Salaam The Project NextGen Solawazi is set up to develop, construct, operate and maintain a 5MW solar photovoltaic (PV) power plant as an Independent Power Producer under the Small Power Producer Program in Tanzania. The solar plant is to be connected to the isolated mini-grid of Kigoma region to support […]

Call for Proposals closed

“ElectriFI received 155 applications during its second Call for Investment Proposals (closed on 8 March 2017) of which 37 projects have been invited by our selection panel to proceed to the next phase. The selected projects might benefit from direct investment or technical assistance upon successful completion of the next phases in the selection process. […]

How To Support Early-Stage Project Development?

ElectriFI presented Thursday 16 February at the Roundtable on ‘How To Support Early-Stage Project Development?’, organised by the Belgian Federal Ministry of Energy, Environment and Sustainable Development, and the Africa-EU Renewable Energy Cooperation Programme (RECP). Pre-construction stage funding is crucial in expanding the access to renewable energy. Developers are often short of capital, especially early […]

Sigora Haiti raises $ 2.5 million from ElectriFI

February 14, 2017 – Port-au-Prince, Haiti – Sigora Haiti S.A., the clean energy micro-utility owned by San Francisco-based Sigora International Inc., announced today a US$2.5 million investment from the Electrification Financing Initiative (ElectriFI), the European Commission’s Electrification Financing Initiative backed by 15 European Development Finance Institutions. The funds will be used to support Phase 1 […]

Call for Investment Proposals: Application form now accessible

The online application form is now accessible! The Electrification Financing Initiative is looking forward to collaborate with outstanding parties in creating new connections to renewable energy in challenging markets. Please read carefully our investment criteria and guidelines to determine eligibility. The call will be open until Wednesday 8 March 2017, 23.59 CET. We count on […]