Solar Energy Transformation (SET) Fund
Kenya Off-Grid Solar Access Project (KOSAP) debt fund
We were selected to manage the $30m debt fund that is part of the Kenya Off-Grid Solar Access Project (KOSAP). The fund offers local currency debt financing to solar companies working in 14 target counties and is designed to help Kenya achieve universal access to energy by 2022.
The KOSAP solar components - the $30m debt facility as well as $12m in results-based financing (RBF) grants - are funded by Kenya’s Ministry of Energy with support from the World Bank. Our partner SNV Netherlands Development Organization is responsible for the KOSAP facilities overall and manages the RBF program.
Beyond The Grid Solar Fund
The first close of the Beyond The Solar Grid (BTG) Fund in October 2016 was anchored by OPIC, The Rockefeller Foundation and MCE Social Capital.
Other investors who joined in later closings include FMO, BIO, Sant Foundation, Packard Foundation, Anthos, Leonardo DiCaprio Foundation, Baldwin Brothers and others.