SIMA forms an energy access fund to assist off-grid solar companies
Social Investment Managers and Advisors (SIMA) has launched the Energy Access Relief Fund (EARF) with a first closure of $68 million and a target closing of about $84 million by the end of the year. The fund intends to help off-grid solar firms and ensure that over 20 million people in Sub-Saharan Africa and Asia have access to energy. SIMA will use this fund to give relief loans to institutions who are experiencing financial issues due to COVID-19 disruptions.
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