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SIMA Funds

Strategic pillar: Mobilising capital
Customer group: Financial solutions
Region: Africa and Asia
Partner since: 2023
Joint partners FCDO, Ikea Foundation, DFC
FCDO funding type: TIME
Technology: Energy access

About

Sima Emerging Distribution Finance Fund (EDFF) is a data-driven investment fund providing access to debt capital for clean energy distributors in developing markets. The Sima C&I Green Bond advances the commercial and industrial (C&I) solar landscape in Africa, offering short-term corporate and project financing up to 10 years for small and medium-size local developers of projects under 5 MW.

Targeting sectors like manufacturing, services, education, healthcare, and agri-processing, the bond aims to finance over 220 MW of on-site solar energy and reduce carbon emissions by four million tons.

Project Focus

The EDFF revolutionises financing for small and mid-sized off-grid solar and clean cooking last-mile distributors (LMDs). Shell Foundation funded the pilot, making 10 loans, 70% in lower-income countries. Shell Foundation provided capital to de-risk the C&I fund structure and leverage private capital.

For 25 years, Shell Foundation has partnered to scale clean energy solutions that boost incomes and cut emissions

Learn about our impact