The company supplies debt/equity financing to non-listed firms in developing countries. Through their activities, these firms help to meet the basic needs of broad sections of the population and to drive economic development – leading to greater prosperity in the long term. Late development stage (i.e. major contracts should be signed or close to signing).
Focus on renewable energy sources: ResponsAbility can provide equity or debt financing to private companies that are active in the field of renewable energy generation – whether the power they produce is fed into the grid or used for captive consumption.
Investing in innovative business models: Financing is also available to companies that produce or distribute renewable energy products to domestic users, as well as to other companies with innovative business models along the value chain. Suppliers of energy-efficient appliances, as well as renewable energy mini-grids, may also qualify for investment.
Addressing the efficient use of energy: Increasing the efficiency of energy consumption can help to mitigate growth-related increases in energy demand. ResponsAbility works through dedicated financing for the financial sector used to fund energy efficiency projects. ResponsAbility may also finance such projects directly (e.g. ESCO financing).
- Equity sponsors should be identified and ready to invest or have already invested
- The project must classify as a Category B or Category C project under the IFC Performance Standards
- ResponsAbility does not compete with the local financial sector, i.e. projects must have a financing gap that cannot be filled locally
- ResponsAbility does not offer refinancing of already completed projects
The fund is complemented by a Technical Assistance Facility, which is supported by SECO.
Joseph Nganga
Executive Director, responsAbility Renewable Energy Holding
+254 709 803 000
joseph.nganga@responsability.com