DFID recognized a gap in debt financing for solar home system (SHS) companies in Africa and retained OCA to design a new blended finance fund to address this gap. The fund’s goal was to support SHS companies to reach more off-grid, underserved consumers in Africa
Our Approach was to:
We produced a detailed sector analysis and market map to serve as the basis for our strategy and fund development. We then delivered a fund strategy report and financial model proposing various options for the fund’s structure, together with our recommendations and financial implications of this approach. These documents included our review and recommendations around the technical assistance facility design.
On the basis of our work, DFID approved funding for the Energy Access Debt Fund, which is now being implemented and managed by the Commonwealth Development Corporation (CDC).