Four years after its launch, the joint project "Integrated Financing for Sustainable Energies" (FIER) is displaying encouraging results to accelerate energy transition in Madagascar. These achievements demonstrate the growing strength of innovative financing mechanisms designed to expand access to electricity in a country where millions of people still lack modern energy. Implemented since 2022 with support from the Joint SDG Fund, the project has mobilized over 4 million dollars in investments in the sustainable energy sector through a financial risk reduction mechanism. This leverage effect was achieved from an initial commitment of 1.86 million dollars, demonstrating the program's capacity to attract additional capital to a sector considered strategic for the country's economic and social development. Beyond financial figures, the on-the-ground impact is significant. According to project managers, 550 families have been connected to electricity through the establishment of two solar photovoltaic mini-grids. Meanwhile, 800 nano-grids have been deployed benefiting 3,344 households, while over 16,200 homes have been equipped with individual solar kits. The program also emphasized local entrepreneurship development. Through the Sustainable Energy Incubator (IED), 45 start-ups and small and medium enterprises received technical and financial support. Fifteen of them received grants of 5,000 dollars each to accelerate the deployment of innovative energy solutions and facilitate access to additional financing. Led jointly by the United Nations Development Programme (UNDP), the United Nations Industrial Development Organization (UNIDO), and the United Nations Capital Development Fund (UNCDF), the FIER project aimed to address one of the country's main challenges: the low rate of electricity access, particularly in rural areas. Its approach combines financial innovation, public-private partnerships, and support for local entrepreneurs. Access to more reliable energy enables the development of small businesses, processing activities, and revenue-generating services in previously underserved areas.