Introducing The Code of Conduct for the Off-Grid Solar Sector
Organizing The Kitchen Table Gathering for Collaborative Impact
Advancing Clean Energy Access: The Legacy of SIMA’s Off-Grid Solar Fund
Supporting Energy Access During COVID-19: The Impact of the Energy Access Relief Fund
In response to the COVID-19 pandemic, SIMA launched the Energy Access Relief Fund in 2020, becoming the first energy access fund to address the crisis. With a total size of $90M, it has disbursed $87.6M to 97 companies across 20 countries, prioritizing support for women-led companies and small to mid-sized energy access firms facing liquidity challenges. This fund highlights SIMA’s commitment to ensuring the continuity of energy access during challenging times, with a significant focus on gender lens investing, qualifying for the 2X Challenge.
Advancing C&I Solar in Africa: The Impact of SIMA’s Commercial & Industrial Solar Green Bond
SIMA Funds has launched the $160M Commercial and Industrial Solar Green Bond, raising $154M to support small and mid-sized solar developers in Africa. It is expected to be one of the largest impact-driven funds exclusively focused on advancing the C&I solar landscape in Africa. The bond offers short-term corporate and longer-term financing up to 10 years, targeting projects under 5MW in sectors like manufacturing and healthcare. It has been assigned the highest rating for sustainability by Moody’s. With a focus on measurable ESG impacts, this initiative is set to significantly reduce carbon emissions while creating productive jobs, especially in lower-income countries.