https://www.engineeringnews.co.za

EIB pumps $25m into off-grid solar project

28th March 2018

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

The European Investment Bank (EIB) has provided $25-million in financing for off-grid solar lighting company d.light to strengthen access to energy in Africa.

The financing will enable d.light to install solar kits, including panels and lamps, as well as low-energy equipment, such as radios and televisions, in sub-Saharan Africa.

The installations will initially take place in Ethiopia, Kenya, Nigeria, Tanzania and Uganda.

The company is targeting ten-million solar installations within five years.

EIB VP Ambroise Fayolle said this week that particular emphasis would be placed on rural and suburban populations, as well as micro-entrepreneurs.

“I am delighted that the EIB has signed this new financing with d.light in Africa for an off-grid solar project that will have a major economic and social impact on people and micro-entrepreneurs,” he enthused.

Solar kits do not require a grid, are easy to use and inexpensive for users, owing to a pre-payment system.

Fayolle added that EIB was determined to implement the 2015 Paris climate agreement and to cooperate in achieving the Sustainable Development Goals, particularly regarding access to affordable, reliable and sustainable energy for all.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Rio-Carb
Rio-Carb

Rio Carb is an OEM (Original Equipment Manufacturer) of R-C700 Chromium Carbide (CrC) alloy clad wear plates and pipes used for heavy materials...

VISIT SHOWROOM 
Industrial Nozzles & Systems (Pty) Ltd
Industrial Nozzles & Systems (Pty) Ltd

Industrial Nozzles & Systems (Pty) Ltd (Est. 2000) exclusive representative in Southern Africa for LECHLER GmbH (Est. 1879) - Europe's leading...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.064 1.051s - 157pq - 2rq
Subscribe Now