Microgrid Investment Accelerator
Financial Services - Oakland, California, United States
Microgrid Investment Accelerator Employees
Microgrid Investment Accelerator Details
The Microgrid Investment Accelerator (MIA) is a first-of-its-kind financing facility that seeks to mobilize ~$50 million between 2018-2020 to expand energy access to communities that currently lack reliable, modern energy services in India, Indonesia and East Africa. MIA launched at the U.N. Sustainable Energy For All Forum on April 3rd, 2017, by Founding Partners Facebook, Microsoft and Allotrope Partners. The purpose of the facility is to fill critical financing gaps for energy access microgrids through the direct provision of project debt and equity to microgrid project developers. MIA will test the commercial opportunity for microgrids and demonstrate how concessionary finance can unlock progressively larger proportions of private capital as risks are discovered, priced, and mitigated.
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