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FEI-ONGRID LP

Customer

The Facility for Energy Inclusion (FEI) is a debt fund established in 2019 designed to support small-scale in-dependent power producers delivering power to the grid, mini-grids, commercial and industrial and captive power projects. FEI is managed by Cygnum Capital, an investment bank and asset manager with over USD1.1 billion in assets under management.

Funding Objective

DEG is providing a senior loan facility of EUR 50 million to FEI. The funds will be used to expand the fund’s lending capacity for renewable energy projects across Africa. The investment aims to improve access to reliable and clean energy, particularly in underserved rural areas with limited grid connectivity.

Reasons for financing

The investment supports the expansion of renewable energy infrastructure in Africa and contributes to the crea-tion of local income opportunities. By providing additional capital, DEG helps close a financing gap for com-panies operating in the renewable energy sector. The financing aligns with DEG’s strategic focus on promoting green energy and climate action in developing and emerging markets.

This investment contributes to the achievement of Sustainable Development Goals (SDGs) 7 (Affordable and Clean Energy), 13 (Climate Action) and SDG 9 (Industry, Innovation and Infrastructure).

Region Africa (Sub-Sahara)
Country Supraregional
Sectors Infrastructure
Signing Date 02-2025
Funding EUR 50 Million
Source of Funding DEG's own funds
Environmental & Social Category
Risk categorization on environmental and social impacts:
A = High risk; Investments with significant potential adverse social or environmental impacts that are diverse, irreversible or unprecedented. These impacts cannot be mitigated or remedied or only at significant costs.
B+ = High Medium Risk; Investments with limited potential adverse social or environmental impacts that are site-specific addressed through mitigation measures, but having specific features which can have potential significantly more adverse social or environmental impacts.
B = Low Medium Risk; Investments with limited potential adverse social or environmental impacts that are site-specific and readily addressed through well-known mitigation measures.
C = Low Risk; Investments with minimal or no adverse social or environmental impacts.
FI-A = Financial Institutions High Risk; Financial Institutions with business activities or projects with significant potential adverse social or environmental impacts or risks.
FI-B =Financial Institutions Medium Risk; Financial Institutions with business activities or projects with limited potential adverse social or environmental impacts or risks.
FI-C =Financial Institutions Low Risk; Financial Institutions with business activities or projects with minimal or no adverse social or environmental impacts or risks.

FI-B+
General partner’s (GP) name, domiciliation of GP/fund FEI-ONGRID GP, Mauritius / Mauritius
Website of the customer www.feiafrica.com

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