📋 Tender Overview
Project duration
01.01.2018 - 01.01.2033
Project locations
Zimbabwe
Overall budget
€231
EU contribution
€37
629.2% of the overall budget
The Facility for Energy Inclusion (FEI) is a debt financing facility for small-scale energy access projects - off-grid solar, small Independent Power Producers (IPPs), captive installations and mini-grids. FEI is sponsored by The African Development Bank and managed by Lion’s Head Global Partners (LHGP), an investment bank founded in 2008, which provides investment management and financial advisory services in sub-Saharan Africa and other emerging markets.
FEI addresses one of the major barriers for small-scale sustainable energy projects in Africa – the limited access to debt financing. FEI intends to target segments of the sector that remains underserved by both international investors and domestic lenders.
FEI consists of 2 windows:
FEI On-Grid
FEI On-Grid provides long-term debt financing in hard and local currencies to small-scale IPPs, mini-grids and captive power projects using renewable energy technology with a capacity below 25MW. FEI On-Grid also offers project preparation support by funding advisory services (e.g. environmental & social studies, legal studies, market studies, financial analysis, tax matters and other technical aspects) required for projects to reach financial close,
The range of borrowers that can be financed by FEI On-Grid includes:
Small scale (<25MW) renewable energy projects in Africa
Entities including:
Independent Power Projects (IPPs)
Captive, Commercial & Industrial projects
Mini-Grids and equivalent
Anticipated development impact includes:
750MW of additional capacity
9.6 million tonnes of CO2 equivalent avoided
30 million beneficiaries
18,000 jobs created
