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E+Co is a non-governmental organization based in Bloomfield, New Jersey, United States, that from its founding in 1994 to its restructuring in 2012 made over 250 clean energy investments in developing countries.〔http://www.eandco.net〕 Over these 18 years, E+Co maintained field offices in San Jose, Costa Rica, Bangkok, Thailand, Dar es Salaam, Tanzania and Accra, Ghana. The company's name is pronounced, "E and Co". In 2012 E+Co underwent a restructuring that resulted in the creation of a new entity, Persistent Energy Partners (PEP).〔()〕 PEP, structured as a holding company, manages E+Co's legacy assets in Africa. E+Co's legacy assets in Latin America and Asia are managed by two private fund managers in those regions and are overseen by PEP. E+Co will exist until all of its investments are exited by these three fund managers, but beginning with its restructuring, E+Co is no longer an active impact investor and no longer manages its former assets. Under the terms of the restructuring, E+Co's former creditors agreed to exchange their debt in E+Co for ownership stakes in the fund managed by PEP. PEP is headquartered in New York City, and has field offices in Accra and Dar es Salaam. E+Co supported energy entrepreneurs with loans, equity investments, business development services, and technical assistance in order to facilitate successful private sector solutions to the environmental and human health problems that are caused by the use of fossil fuels. The sectors and products in which E+Co invested include solar photovoltaics, improved cookstoves, small hydro, biomass, biogas, liquified petroleum gas (LPG), and solar water heaters. == Business model == E+Co invested in small and growing enterprises whose core operations were to provide sustainable energy solutions to consumers at the bottom of the pyramid (BoP) in developing countries. E+Co provided debt, equity and quasi-equity to entrepreneurs who did not have access to traditional sources of capital either due to high perceived risk or restrictive loan terms. E+Co referred to its financial products as examples of patient capital, offering longer terms than were commercially available and seeking to grow businesses through multiple rounds of serial lending or investing. E+Co is widely regarded as one of the pioneers of Impact investing, and believed that investments should produce blended value and not solely financial returns. In addition to financial products, E+Co also provided each entrepreneur-investee with technical assistance and business development support. Many of E+Co's portfolio companies were very early stage and operating in difficult markets, and thus required a great deal of assistance from their financiers. Some of these services included market research, business planning, impact analysis and enterprise operations management. These enterprise development services were a key part of E+Co's business model, because their provision generally enhanced an enterprise's performance and decreased the risk profile of the investment. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「E+Co」の詳細全文を読む スポンサード リンク
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