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Core financing partner for energy businesses

responsAbility is one of the world’s leading independent asset managers specialising in development-related sectors of emerging economies. It aims to serve as a flexible, reliable and prompt source of debt financing for organisations operating along the entire energy access value chain, such as modern energy product manufacturers and distributors, and energy asset-finance companies. responsAbility is a partner with a strong network and local presence. It also has in-depth knowledge of different business models and aims to offer a broad range of flexible financing solutions.

Debt financing for energy access companies

Investment criteria

Eligibility for investment is based on the following criteria:

  • Commercially viable business models within the energy access value chain (energy efficiency or renewable energy)

  • A clear commitment to environmentally and socially responsible operations

  • At least USD 1 million in total sales within the last 12 months

  • A business track record of at least two years

  • A business plan containing projections

  • Ability to provide key monthly business information and annual financials

Offering

responsAbility offers financing in the following form:

  • Financing amounts: USD 500,000 – USD 4,000,000

  • Debt financing with maturities between 6 and 36 months

  • Interest rates in line with market rates and risk profile

  • Disbursements and repayments structured according to cash flow projections

  • Funding in USD, EUR or selected local currencies

  • Other structuring features possible

  • Access to a Technical Assistance Facility

Financing solutions for renewable energy projects

responsAbility provides long-term debt financing for renewable energy projects in emerging markets, including solar, hydro, wind, biomass and geothermal technologies. The focus is on smaller-scale projects (usually below 15 MW capacity).

Investment criteria

Eligibility for investment is based on the following criteria:

  • The project must have reached a late development stage, i.e. major contracts should be signed or close to signing (e.g. PPA, EPC, O&M, land rights, permits & licenses)

  • Equity sponsors should be identified and ready to invest or have already invested

  • The project must classify as a Category B or Category C project under the IFC Performance Standards

  • responsAbility does not compete with the local financial sector for financing, i.e. projects must have a financing gap that cannot be filled locally

  • responsAbility does not offer refinancing of already completed projects

Offering

responsAbility offers financing in the following form:

  • Financing amounts between USD 500,000 and USD 15,000,000

  • Maturities up to 10 years

  • Terms in line with the market and the risk (structure) of the project

  • Funding generally in USD; local currency can be explored on request