The European Investment Bank has agreed to provide a EUR 10 million loan to support the deployment of 107,000 SHS from French utility Engie to Benin. This will open up access to clean energy for 643,000 people. The solar home systems of Engie include solar panels and battery storage to be sold on Pay-As-You-Go (PAYGO) contracts.
Weziza is supported by Oikocredit in its activities. The Netherlands-based investment company is validating an investment of $1.4 million for the implementation of a rural electrification project. Led by Energicity, Weziza’s parent company, the project aims to connect 21 communities to a power grid.
Dutch finance company Oikocredit approved a €1.4 million (US$1.5 million) long-term financing facility for solar grids builder Weziza Benin. The facility will enable the company to connect about 40,000 people living in rural areas to solar power over the next 10 years.
The company will install and operate one of its containerized systems that it builds in rural areas of several African countries. This modular system consists of solar panels covering a container.
The aim is not only to bring clean and decentralised electrical energy to the rural community very quickly, but also to reduce the initial costs of connecting 127 localities.
LAGAZEL group has chosen to revolutionize Benin’s energy sector through the installation and operationalization of an assembly unit for solar lamps and kits; a first in Benin.
USTDA announced grant funding for technical assistance to help Beninese company Sherlock Grids SAS expand and improve clean energy access to rural communities across the country.
The Universal Energy Facility, a results-based financing facility managed by Sustainable Energy for All (SEforALL), has now opened a new window of financing for minigrid projects in Benin.