SolarWorks! and ElectriFI sign a $4m debt facility to accelerate its expansion in Mozambique

SolarWorks! and ElectriFI sign a $4m debt facility to accelerate its expansion in Mozambique

ElectriFI, a EU backed fund that specializes in the electrification and the access to electricity has signed a $4m debt facility with SolarWorks!, a leading Pay-As-You-Go (PAYG) solar home system and energy services provider in Southern Africa. After a successful equity round with strategic partners in 2018 (Persistent and the Portuguese energy utility company EDP) […]

ElectriFI commits US$3.5M of development funding for Bumbuna II Hydroelectric power project in Sierra Leone

As the 143MW Bumbuna II Hydroelectric power project (Bumbuna II) in Sierra Leone enters the final stages of development, ElectriFI, the Electrification Financing Initiative, has committed US$3.5m of development capital to finance 50% of the external development expenses needed to reach financial close of the project. Joule Africa, the project sponsor, signed a 25-year PPA […]

ElectriFI supports REDAVIA’s expansion in Ghana’s C&I sector

Solar technology company REDAVIA and ElectriFI have signed a USD2m financing agreement to support REDAVIA’s expansion in Ghana’s industrial and commercial sector, offering affordable, reliable and clean power generated through modular solar farms. REDAVIA is an energy company that offers solar power for businesses and communities with a regional focus on West and East Africa. The Germany-headquartered company […]

ElectriFI commits USD2.5 million to support the expansion of Virunga Power

Virunga Power announces the first closing of its Series A corporate financing round with a total of US$ 5m invested. The Electrification Financing Initiative (“ElectriFI”) and the Renewable Energy Performance Platform (“REPP”) have co-led the round with commitments of $2.5mn each. In addition to their corporate investments, ElectriFI and REPP will pursue aligned investments in […]

ElectriFI is hiring a Front Office Assistant

EDFI Management Company Set up by the association of 15 European Development Finance Institutions (www.edfi.eu), EDFI Management Company (www.edfimc.eu) manages both ElectriFI and AgriFI facilities (www.electrifi.eu and www.agrifi.eu) with total size over EUR 200mln out of its offices in Brussels. Other (guarantee) facilities are likely to be added to EDFIMC. EDFIMC was set up in […]

ElectriFI is hiring Portfolio Analysts

EDFI Management Company Incorporated in 2016 by the association of 15 European Development Finance Institutions (www.edfi.eu), EDFI Management Company (www.edfimc.eu) manages both ElectriFI and AgriFI facilities (www.electrifi.eu and www.agrifi.eu) out of its offices in Brussels. Other (guarantee) facilities are likely to be added to EDFIMC. EDFIMC was set up as a collaboration between the EDFIs […]

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 […]