Release date: 14 January 2022
Promoter – Financial IntermediaryENGIE ENERGY ACCESS BENIN SASU
The project will finance the deployment of solar home systems in Benin. The solar home systems are composed of a solar panel, a central unit (including battery storage, an energy management system / charge controller and communication technology) and several appliances and will be sold on a payment plan basis to individual beneficiaries located in Benin under pay-as-you-go contracts.
The operation aims at facilitating access to energy for households and micro-entrepreneurs in Benin by financing the design, production, distribution, installation and payment plans of about 107 000 Solar Home Systems. These Solar Home Systems provide basic, clean energy services, such as lighting and phone charging to households without grid access, who otherwise have to rely on inferior and more expensive alternatives. The operation is expected to significantly improve the living conditions of the final beneficiaries and thereby generate high development impact
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 10 million
Total cost (Approximate amount)
EUR 13 million
The operation is expected to have overall significant positive environmental and social impact by providing clean energy to households that are currently un-served or under-served by the grid and mostly reliant on polluting and dangerous energy sources. Limited negative environmental impacts could arise from health and safety issues related to the inappropriate handling of batteries (notably at the time of disposal) and disposal of old devices (e.g. kerosene lanterns, candles, flashlights and generators for lighting). Considerable e-waste is only expected to arise from the operation in five to seven years and the Promoter is looking into potential e-waste handling schemes in the country/in the region, to ensure the maximisation of the re-use of components, whilst ensuring the appropriate handling of polluting items like batteries.
The Bank will require the Promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.
Under appraisal - 14/01/2022
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).