September 18, 2017 - Deal Structures, Funding/Financing

MoFo Impact Represents Innovative Microgrid Financing Platform

Microgrid FinancingThe MoFo Impact team recently advised Microgrid Investment Accelerator (MIA), a Delaware public benefit corporation, in structuring its unique financing facility. Launched with the assistance of its founding partners, including Facebook and Microsoft, MIA seeks to mobilize $50 million by 2020 to expand clean energy microgrid access in India, Indonesia, and East Africa. By enhancing the commercial viability of private investment in clean energy microgrid projects, MIA will play an essential role in meeting the electricity demands of the 1.1 billion people who currently lack affordable and reliable access worldwide. MIA will also publicly release as much data as possible with respect to the opportunities and risks associated with investment in energy access microgrids as it attempts to demonstrate the strong business case for mainstream investment in the sector.

The MoFo Impact team’s familiarity with navigating a wide range of impact investment financing sources played a key role in developing MIA’s blended capital platform; MIA will leverage grant and concessionary financing from foundations and development finance institutions alongside traditional private sector investment. MoFo is also a member of MIA’s strategic Advisory Committee, a group of international microgrid and development finance experts from both the non-profit and for-profit sectors. In addition to providing ongoing structuring advice, the MoFo Impact team looks forward to continuing to support MIA on both equity investment into the facility and debt financing to microgrid projects, as MIA moves towards disbursing funds at scale by 2018.

MoFo’s representation of MIA builds on the MoFo Impact team’s industry-leading experience advising clients working at the intersection of clean energy, infrastructure development, and environmental conservation.  Over the past several years, MoFo has represented a number of innovative social enterprises seeking to leverage investment in the climate infrastructure sector, such as Aligned Intermediary, OpenInvest, and Off Grid Electric.