Access to Energy Fund (extension, top-up and amendment of current investment mandate) The Access to Energy Fund (AEF) established by FMO and DGIS in 2007, is an investment fund that focuses on projects for energy access in developing countries. Since its inception, AEF has improved the availability and quality of renewable energy generation and distribution capacity and has built up a diverse renewable energy portfolio. The fund has proven to meet a need in terms of access to energy and to be additional and catalytic. The current investment mandate expires 31 December 2018. Building on the recommendations from the AEF evaluation (completed 2017 Q1) and the announcement of the establishment of a Dutch Fund for Climate and Development (DFCD), FMO has requested DGIS: - An extension of the investment mandate to 31 December 2028 - A EUR 40 million top up - Some amendments to the current investment criteria, allowing for investments in developing countries outside SSA and investments t argeting SMEs (in addition to households) - A EUR 5 mln envelope (out of the overall AEF Fund capital) exempt from revolvability to be used for technical assistance, capacity development and project specific monitoring <(>&<)> evaluation activities. Thanks to the existing pipeline of AEF, choosing this channel will allow DGIS to rapidly contribute to climate action in developing countries using the first tranche of the extra funds made available for the Dutch Fund for Climate and Development.