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COVID-19 Energy Access Relief Fund

The COVID-19 pandemic threatens to reverse the enourmous progress off-grid energy companies have made to bring power to 470 million people in the last decade.

The new global economic crisis will make it more difficult for existing customers to pay for their energy services. At the same time, slowed supply chains and reduced investment flows are causing energy companies to run out of cash. Facing dwindling liquidity, these energy companies will be forced to lay off staff - putting the sector's nearly 370,000 jobs at risk - and shut off customers' access to energy.

The COVID-19 Energy Access Relief Fund is a fund in development, aiming to bridge this funding gap to maintain the sector's progress in bringing energy to all. If you are interested in receiving funding or are interested in contributing to the fund, please get in touch through the website.  

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Specifications

Program website

https://www.energyaccessrelief.org/

Type

COVID-19 Response
Fund

Geographical Scope

Globally

Funding / Investment / CapBuild type

Criteria: 

  • Addressing SDG7 (affordable and clean energy) is a defined goal of the company
  • Implementing solar home systems, clean cooking (across the value chain) or mini-grid business model, with 50% of the revenue coming from such business
  • Viable funding plan at the end of February 2020 until 1 May (i.e. no funding gap before May 1st) to ensure no major pre-existing financial issues prior to COVID-19 outbreak
  • Demonstrated need for emergency funding in the next 6 months: i.e. cash on hand versus expected net cash flows
  • Registered company
  • Transparent ownership structure

Contact information

Last update

Date

15-05-2020

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