At the core of the Solar for All Initiative is a tailor-made investment fund, providing capital to support enterprises working to make solar energy systems and low energy solar appliances available and affordable to lower income communities, particularly in the off-grid market.
The Fund is designed to support enterprises serving all aspects of the solar supply chain from production and distribution through to technical support and consumer finance. It will provide finance in the form of equity, debt and grant assistance as appropriate to meet the needs of growing solar businesses.
The Fund directs capital towards businesses that can unlock critical bottle-necks in the solar supply chain limiting the uptake of solar products across the developing world. Often these bottlenecks occur in areas such as distribution and end-user finance.
Typical investments will be up to $3m and can be provided in a wide range of forms, including equity finance, working capital facilities, term loans and growth capital and trade credit guarantees.
The Fund’s areas of focus are the Indian subcontinent, sub-Saharan Africa, South East Asia and Latin America. Solar for All operates through a partner network of more than 50 of the world’s leading organisations in the field of energy access for developing countries, with unrivalled expertise and in-depth field experience.
The Solar for All Fund is targeted to launch in 2011 and is actively looking for investment opportunities, project partners and investors to join this global initiative.
