South Asia Clean Energy Fund (SACEF)


BIO has committed USD 5 million in equity to South Asia Clean Energy Fund (SACEF), a limited partnership fund targeting a total capitalization of USD 175 million. The Fund will be managed by the Global Environment Fund (GEF), a manager with 20 years of successful investments in the environment sector and services around the world. SACEF will invest in SMEs providing environmental products and services, energy efficiency technology and services and renewable energy generation. India will be the main target country. The Fund will also invest opportunistically in Bangladesh, Sri Lanka, and Nepal.

Thanks to its network, GEF aims at bringing value to its investee companies throughout technology transfer and commercial development. In addition to this, the Fund will help investee companies to professionalize and develop their corporate governance, which will make them more attractive for new potential investors.

This investment will serve a catalytic role in attracting long-term investments in the environment and clean energy sector in South Asia, and promote a sustainable development in a region where energy supply-demand gap is important.

Website :

  • Investment amount (€):

    USD 5 million

    Registered offices: Canada Beneficiary countries: Bangladesh, India, Nepal, Sri Lanka

  • Contract signature :


  • Nature of intervention :


  • Development impacts :

    • 1 — Increase use of renewable energy