How It Works
Financing Structure
The Facility will use its impact-seeking capital to provide blended first loss and low-interest funding to eligible off-grid energy companies originated by InfraCredit to enable access to naira debt financing from the domestic debt capital markets guaranteed by InfraCredit and catalyse (with a target ratio of at least 50%) domestic institutional investments from pension funds, insurance companies, and other asset managers towards increasing clean energy access in Nigeria in line with commitments at COP26.
Facility Structure
Process for Accessing Funding from the Climate Finance Blending Facility
Developer Completes Preliminary Checklist and Submits Guarantee Request Letter to InfraCredit
InfraCredit Conducts Preliminary Assessment, Confirms Eligibility for Facility Support & Obtains New Business Committee Approval
InfraCredit completes KYCand Company executesMandate Letter
InfraCredit conducts credit assessment and obtains BoardCredit Committee approval
InfraCredit conducts ESG, technical, legal due diligence on the project
Facility’s Investment Committee/Adviser reviews preliminary project information and issues No-Objection
InfraCredit obtains Facility’sInvestment Approval and negotiates Financing Agreements with developer
Company satisfies CPs to closing
Financial Close (Co-financing)
Developer Completes Preliminary Checklist and Submits Guarantee Request Letter to InfraCredit
InfraCredit Conducts Preliminary Assessment, Confirms Eligibility for Facility Support & Obtains New Business Committee Approval
InfraCredit completes KYCand Company executesMandate Letter
InfraCredit conducts credit assessment and obtains BoardCredit Committee approval
InfraCredit conducts ESG, technical, legal due diligence on the project
Facility’s Investment Committee/Adviser reviews preliminary project information and issues No-Objection
InfraCredit obtains Facility’sInvestment Approval and negotiates Financing Agreements with developer
Company satisfies CPs to closing
Financial Close (Co-financing)
