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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
Environmental and Social Completion Sheet (ESCS) - OFF-GRID SOLAR ACCELERATION
Publication Date
17 Dec 2024
Document language
Main Topic
Lending
Document Number
238324904
Document Focus
Environmental Information
Project Number
20161001
Sector(s)
Publicly available
Download now

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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