Off-grid solar system provider Oolu is receiving support from the Beyond the Grid Fund for Africa (BGFA) for its operations in Burkina Faso. This multilateral funding mechanism is providing $2.5 million to Oolu for business development. In rural areas of Burkina Faso, the company installs solar home systems (SHS).
Under the agreement, the IFC’s advisory services team will support Sodigaz to upgrade and expand its liquefied petroleum gas (LPG) distribution and service stations, increase solar home kit sales and introduce solar minigrid solutions.
Under the agreement, IFC’s Advisory Services team will support Sodigaz to upgrade and expand its liquified petroleum gas (LPG) distribution and service stations, increase solar home kit sales, and introduce solar mini grid solutions.
The financing granted by the African Development Bank (AfDB) is intended to accelerate access to electricity in Burkina Faso through two government-led projects.
British utility Bboxx and the French cotton company Geocoton Advens have formed a joint venture to develop off-grid solar schemes in Burkina Faso.
The funds will be used to implement the country’s Large Scale Solar and Rural Electrification Project. They will also support the government in outlining an upcoming tender for 325 MW of solar coupled with 335 MWh of storage capacity.
The World Bank approved financing to help increase access to electricity in rural areas in Burkina Faso, and support the country transition to clean energy.