WeLight showed a proactive and hands-on approach from the start
Signature(s)
Summary sheet
- Energy - Electricity, gas, steam and air conditioning supply
The project will finance minigrids in Madagascar to households, business and other infrastructure facilities without access to reliable electricity supply
The electrification programme will generate a significant social, development and environmental impact, while providing a sustainable and reliable supply to un-served or under-served local communities that are currently relying on polluting and expensive fossil fuels.
Although the mini off-grids to be financed are likely to be small, the promoter is required to implement them ensuring that the Environmental and Social Impact Assessment is carried out, in conformity with national law and the EIB environmental and social standards. To that end, the EIB has also assessed the promoter's capacity, approach and procedures to implement the project in line with the EIB's environmental and social standards.
The promoter has to ensure that implementation of the project is done in accordance with the EIB's Guide to Procurement.
Documents
News & Stories
Inside the project
How and Why
A solution for rural Africa
Why
- Madagascar is one of the poorest countries in the world
- Accelerating energy inclusion in rural Africa improves the lives of hundreds of thousands
- Investment in difficult business environments and riskier markets
- Extending the national grid is not financially viable and not likely to happen in the medium term
How
- Solar mini-grids are the most cost-effective option for rural electrification in Madagascar
- The mini-grids will comprise a solar PV system, battery energy storage, an electricity distribution network, and a meter for each consumer
- Electricity is available 24 hours a day, 7 days a week, with power covering the needs of villages, both residential and professional
Sectors & Countries
PLAY VIDEO
3:06

My life is getting easier and better
Related media
Fairness in the favelas
How to move it, move it
Solar power for rural Africa
Related projects and stories
EIB Group opens country office in Belgium to support strategic investments in Belgian economy
The European Investment Bank (EIB) Group has opened a country office in Belgium, dedicated to sustaining strategic financing and sustainable growth in the country as a boost to the potential of the vibrant, dynamic and highly innovative Belgian business environment. The new office will be hosted in the Group’s Permanent EU Representation in Brussels and led by Torsten Brand, a dual Belgian-German national who has worked at the EIB for the past decade. The step by the Luxembourg-based EIB Group, which also includes the European Investment Fund (EIF), underscores its commitment to supporting the Belgian economy and deepening engagement with local businesses and the public sector.
Cocoa with a conscience: Funding fair and forest‑friendly beans
EIB finance helps Ivory Coast produce sustainable cocoa that avoids deforestation and child labour while improving agricultural practices
Where will we live? The urgent need for affordable housing in Estonia
The European Investment Bank is helping Estonia build and renovate homes so that families, workers, and communities can have affordable places to live.