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    Signature(s)

    Amount
    € 20,143,421.16
    Countries
    Sector(s)
    Ethiopia : € 4,028,684.23
    Kenya : € 16,114,736.93
    Energy : € 20,143,421.16
    Signature date(s)
    26/03/2018 : € 4,028,684.23
    26/03/2018 : € 16,114,736.93
    Link to source

    Summary sheet

    Release date
    12 June 2017
    Status
    Reference
    Signed | 26/03/2018
    20161001
    Project name
    Promoter - financial intermediary
    OFF-GRID SOLAR ACCELERATION
    D LIGHT DESIGN INC
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    USD 25 million (EUR 21 million)
    USD 56 million (EUR 48 million)
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    The project consists of the design, assembling, distribution, and /or financing and installation of about 10 million solar devices in Sub-Saharan Africa by the promoter over the next 2.5 years.

    The project aims to provide access to energy to households and micro-entrepreneurs in Sub-Saharan Africa. The project is expected to have a significant social impact given technology users (and final beneficiaries) are typically rural and/or low-income households and micro and small or medium-sized enterprises (MSMEs) in five target countries (Ethiopia, Kenya, Nigeria, Tanzania and Uganda).

    Environmental aspects
    Procurement

    The small size, multiple locations and nature of the installation of solar-powered systems will limit the potential negative environmental impact of the operation. The due diligence will review the promoter's capacity, approach and procedures for ensuring that the operation is implemented in line with the Bank's environmental standards, notably for what concerns potential residual risks (e.g. battery disposal/recycling) from the usage of the systems and necessary mitigation measures, as and where appropriate.

    The Bank will require the promoter to ensure that implementation of the project is done in accordance with the Bank's Guide to Procurement.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - OFF-GRID SOLAR ACCELERATION
    Publication Date
    2 Dec 2017
    Document language
    Main Topic
    Lending
    Document Number
    75424820
    Document Focus
    Environmental Information
    Project Number
    20161001
    Sector(s)
    Publicly available
    Download now

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