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Call for impact investors within renewable energy

Sida seeks to mobilise capital by sharing risks with investors in renewable energy and energy efficiency services in Sub-Saharan Africa.

The initiative is based on the premise that if Sida can share risk with investors then financial intermediaries will be able to raise additional capital and take on additional risks that otherwise would not be possible.

The objective of the Call is to identify and select implementing partners suitable for a Sida guarantee. The guarantee is a flexible, customised and catalytic loss protection instrument, designed to share risk with public and private actors in order to mobilise additional capital and bring in new partners to reach development impact.

Target group

The main target group for the Call is investment funds and other financial intermediaries with the objective of delivering impact results alongside financial results.

Solar panels

Renewable energy is the focus for Sida's new guarantee.

Development results

Through this blended finance approach Sida seeks to increase access to financing in an effort to improve access to affordable, reliable and modern energy and unlock the vast potential within productivity, value chains, local market systems and other opportunities. This will help drive sustainable and inclusive economic growth and income generation in Sub-Saharan Africa.

Selection process

Companies are invited to submit their expression of interest. Implementing partners will be selected based on “best fit” with Sida’s development objectives and partner capacity, under strict consideration of additionality.

Deadline: Monday, 6 December, 2021 (extended)

Deadline for questions: No deadline. Questions and answers are published on this page.

Closing date: Flexible

You find detailed information about the call and the selection process in the explanatory document, including annexes.

Adjustments of the eligibility criteria

The eligibility criteria for investment funds was updated on November 1, 2021, and now reads:

“In the case of Investment funds:

  • have a target fund size in the range of USD 30 –200 million, and
  • are currently in fundraising process or in the process of developing higher risk portfolios or investment windows within existing fund structures

In relation to the above change, please note that Sida still prefers to mobilise “new” capital and our strict requirements on additionality, as defined in the Call, has not changed. For both new and existing fund structures or portfolios, it is important to specify any types and features of loans or risks applicants foresee being excluded from the guarantee.

Contacts

Nicklas Näsström nicklas.nasstrom@sida.se

Maximilian Jönsson maximilian.jonsson@sida.se

Samra Pasalic samra.pasalic@sida.se

Questions and answers

Answers to questions about the call posed to Sida.

Updated: 3 November 2021