- FMO invests through its energy access fund, aligning with climate goals.
- The $10 million funding empowers Nithio to extend support to solar home systems and appliance distributors.
Nithio secures a $10 million commitment from the Netherlands Development Finance Corporation (FMO) for its Facility for Adaptation, Inclusion, and Resilience (FAIR). FMO invests through its Energy Access Fund (EAF), aligning with climate goals. The FAIR mechanism, created by Nithio, targets financing climate-friendly companies delivering clean energy in Africa. Nithio’s approach focuses on local borrowers, aiding household access to renewable energy, a key EAF mandate.
The $10 million funding empowers Nithio to extend support to solar home system and appliance distributors, benefiting households and businesses. Nithio’s FAIR mechanism has significantly helped over 400,200 individuals with energy access and 12,100 with business-related products. FMO joins impactful investors, including the American Development Finance Corporation, the Investment Fund for Developing Countries, and the Shell Foundation.