AfDB closes its off-grid energy access fund

The Facility for Energy Inclusion’s Off-Grid Energy Access Fund (FEI OGEF) has reached its final close target of $59 million in equity capital and $36 million in debt facilities to promote off-grid energy access, according to the African Development Bank (AfDB). The fund was closed following a $15 million equity contribution from the European Union and a $17 million offering from KfW, on behalf of the German Federal Ministry of Economic Cooperation and Development.

GET ACCESS TO OUR ARTICLES

Enter your email address