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PEII Phase 1

IATI Identifier: US-EIN-134166228-GB-1-204867-109
Published in IATI IATI
  • date_range Dec 19, 2016 - Jul 18, 2018
  • autorenew Implementation (Status)

Acumen launched the Pioneer Energy Investment Initiative (PEII) to bridge the funding gap for early stage off-grid energy companies and accelerate energy access across the developing world. By investing in companies with the potential to validate new business models, scale, and attract additional capital, the PEII will demonstrate ways that risk-tolerant patient capital can bring energy access to populations that have not yet been reached by the expanding off-grid sector. The PEII invests in companies delivering off-grid energy from renewable sources in India, East Africa, West Africa, and Pakistan, with a focus on solar home systems in new markets, mini and micro grids, and innovations in productive use. Through investing, helping to scale businesses, and capturing the voice of new energy customers through Lean Data, they hope to impact 8M people by 2026, and have recently published an Energy Impact Report detailing our impact to date. DFID’s contribution of GBP1 million (through TEA) has been instrumental in their first two investments in PEG Africa and Easy Solar; and in developing a report on the “Role of Equity” in early-stage energy enterprises that was published in June 2018.

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Sectors:
  • Solar energy error
    Sector code:
    23067 - Solar energy
    Sector vocabulary:
    1 - OECD DAC CRS Purpose Codes (5 digit)
  • Energy research error
    Sector code:
    23082 - Energy research
    Sector vocabulary:
    1 - OECD DAC CRS Purpose Codes (5 digit)
  • Energy research error
    Sector code:
    23182 - Energy research
    Sector vocabulary:
    1 - OECD DAC CRS Purpose Codes (5 digit)
  • Energy generation, renewable sources - multiple technologies error
    Sector code:
    23210 - Energy generation, renewable sources - multiple technologies
    Sector vocabulary:
    1 - OECD DAC CRS Purpose Codes (5 digit)
  • Solar energy for centralised grids error
    Sector code:
    23230 - Solar energy for centralised grids
    Sector vocabulary:
    1 - OECD DAC CRS Purpose Codes (5 digit)

Participating Organisations

Organisation Name Organisation Type Organisation Role
Department for International Development Government Funding
PEG Africa Private Sector Implementing
Azimuth "Easy Solar" Private Sector Implementing

Transaction

Transaction Value Provider Receiver Type Date
62,264 GBP (Valued at Oct 17, 2018) circle Provider N/A circle Receiver N/A Incoming Funds date_rangeOct 17, 2018
26,319 GBP (Valued at Jun 30, 2018) circle Provider N/A circle Receiver N/A Expenditure date_rangeJun 30, 2018
26,317 GBP (Valued at Mar 31, 2018) circle Provider N/A circle Receiver N/A Expenditure date_rangeMar 31, 2018
437,736 GBP (Valued at Feb 20, 2018) circle Provider N/A circle Receiver N/A Incoming Funds date_rangeFeb 20, 2018
584,062 GBP (Valued at Dec 31, 2017) circle Provider N/A circle Receiver N/A Expenditure date_rangeDec 31, 2017
250,000 GBP (Valued at Oct 10, 2017) circle Provider N/A circle Receiver N/A Incoming Funds date_rangeOct 10, 2017
295,930 GBP (Valued at Sep 30, 2017) circle Provider N/A circle Receiver N/A Expenditure date_rangeSep 30, 2017
250,000 GBP (Valued at Jul 10, 2017) circle Provider N/A circle Receiver N/A Incoming Funds date_rangeJul 10, 2017
23,235 GBP (Valued at Jun 30, 2017) circle Provider N/A circle Receiver N/A Expenditure date_rangeJun 30, 2017
44,136 GBP (Valued at Mar 31, 2017) circle Provider N/A circle Receiver N/A Expenditure date_rangeMar 31, 2017

Budget

1,313,577 USD
889,357 GBP (Valued at Jun 27, 2018) date_range Dec 19, 2016 - Dec 18, 2017
110,643 GBP (Valued at Jun 27, 2018) date_range Dec 19, 2017 - Jul 18, 2018
access_timeUpdated on Oct 22, 2020 10:42:45
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