Austria’s development bank, OeEB, has made an investment in the SIMA Off-grid Solar and Financial Access Senior Debt Fund. The fund targets climate change by creating off-grid energy access to households living with little to no energy access in sub-Saharan Africa and South Asia.

The fund is managed by Social Investment Managers & Advisors (SIMA). To date, the fund has lent to 26 companies who are manufacturing, distributing, and/or financing standalone solar systems in ...