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FMO, the entrepreneurial development bank of the Netherlands, has created a clean energy investment facility to be managed by E+Co.

FMO has set aside USD 6,650,000, funded by FMO’s Access to Energy Fund. Funding also includes a capacity development facility for entrepreneurs in the amount of EUR 500,000. The FMO-E+Co agreement is the result of intensive cooperation over the last year and reflects both organisations’ goals to create a sustainable market place for access to clean energy that will reduce the impact of climate change and will alleviate poverty.