EDFI ElectriFI invests US$8m in BEAM to increase energy access across Africa

AFRICA – Bamboo Capital Partners (Bamboo), an impact investing platform, has announced that ElectriFI, the impact investment facility funded by the European Union, has invested US$8 million in BEAM, a pioneering investment platform set to revolutionise energy access for millions in sub-Saharan Africa and Asia. The BEAM investment platform deploys early stage equity capital for distributed energy service companies (DESCOs) and will unlock further debt capital.  With 1.1 billion people across the world without access to a reliable energy source, BEAM aims to play an instrumental role in delivering energy…

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