WeLight showed a proactive and hands-on approach from the start
Signature(s)
Amount (.*)
€ 14,850,000
Countries
Sector(s)
Madagascar
: € 14,850,000
Energy
: € 14,850,000
Signature date(s)
22/12/2022 : € 4,657,894.74
14/03/2025 : € 4,850,000
22/12/2022 : € 5,342,105.26
Link to source
Data sheet
Other links
Summary sheet
Release date
25 January 2023
Status
Reference
Signed | 22/12/2022
20210095
Project name
Promoter - financial intermediary
MADAGASCAR ELECTRIFICATION PROGRAMME
WE LIGHT MADAGASCAR SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 15 million
EUR 28 million
Location
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives
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.
Environmental aspects
Procurement
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.
Milestone
Under appraisal
Approved
Signed
8 April 2022
22 December 2022
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Environmental and Social Impact Assessment (ESIA) - MADAGASCAR ELECTRIFICATION PROGRAMME - Programme d'Engagement Environnemental (PREE) - Ambalahibe
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Environmental and Social Impact Assessment (ESIA) - MADAGASCAR ELECTRIFICATION PROGRAMME - Programme d'Engagement Environnemental (PREE) - Ambatosoratra
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Environmental and Social Impact Assessment (ESIA) - MADAGASCAR ELECTRIFICATION PROGRAMME - Programme d'Engagement Environnemental (PREE) - Ambodimanga Rantabe
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Environmental and Social Impact Assessment (ESIA) - MADAGASCAR ELECTRIFICATION PROGRAMME - Programme d'Engagement Environnemental (PREE) - Maroangezoka
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Environmental and Social Impact Assessment (ESIA) - MADAGASCAR ELECTRIFICATION PROGRAMME - Programme d'Engagement Environnemental (PREE) - Antsirasira
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Environmental and Social Impact Assessment (ESIA) - MADAGASCAR ELECTRIFICATION PROGRAMME - Programme d'Engagement Environnemental (PREE) - Befamatra
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Environmental and Social Impact Assessment (ESIA) - MADAGASCAR ELECTRIFICATION PROGRAMME - Programme d'Engagement Environnemental (PREE) - Tsarahasina
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Environmental and Social Impact Assessment (ESIA) - MADAGASCAR ELECTRIFICATION PROGRAMME - Programme d'Engagement Environnemental (PREE) - Antanambao Andranolava
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Environmental and Social Impact Assessment (ESIA) - MADAGASCAR ELECTRIFICATION PROGRAMME - Programme d'Engagement Environnemental (PREE) - Rangodona
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Environmental and Social Impact Assessment (ESIA) - MADAGASCAR ELECTRIFICATION PROGRAMME - Programme d'Engagement Environnemental (PREE) - Antanambao Analatsaka
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30 Nov 2024
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Environmental and Social Impact Assessment (ESIA) - MADAGASCAR ELECTRIFICATION PROGRAMME - Programme d'Engagement Environnemental (PREE) - Ambohibary
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27 Nov 2024
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Environmental and Social Impact Assessment (ESIA) - MADAGASCAR ELECTRIFICATION PROGRAMME - Programme d'Engagement Environnemental (PREE) - Morafeno Andrefana
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30 Nov 2024
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Environmental and Social Impact Assessment (ESIA) - MADAGASCAR ELECTRIFICATION PROGRAMME - Programme d'Engagement Environnemental (PREE) - Vinanivao
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Environmental and Social Impact Assessment (ESIA) - MADAGASCAR ELECTRIFICATION PROGRAMME - Programme d'Engagement Environnemental (PREE) - Befiana
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30 Nov 2024
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30 Nov 2024
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Environmental and Social Impact Assessment (ESIA) - MADAGASCAR ELECTRIFICATION PROGRAMME - Programme d'Engagement Environnemental (PREE) - Marovovonana
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Environmental and Social Impact Assessment (ESIA) - MADAGASCAR ELECTRIFICATION PROGRAMME - Programme d'Engagement Environnemental (PREE) - Antonibe
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30 Nov 2024
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Environmental and Social Impact Assessment (ESIA) - MADAGASCAR ELECTRIFICATION PROGRAMME - Besakoa
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30 Nov 2024
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Environmental and Social Impact Assessment (ESIA) - MADAGASCAR ELECTRIFICATION PROGRAMME - Programme d'Engagement Environnemental (PREE) - Antsakabary
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30 Nov 2024
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Environmental and Social Impact Assessment (ESIA) - MADAGASCAR ELECTRIFICATION PROGRAMME - Programme d'Engagement Environnemental (PREE) - Andranofasika
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30 Nov 2024
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Environmental and Social Impact Assessment (ESIA) - MADAGASCAR ELECTRIFICATION PROGRAMME - Maromitety
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30 Nov 2024
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Environmental and Social Impact Assessment (ESIA) - MADAGASCAR ELECTRIFICATION PROGRAMME - Programme d'Engagement Environnemental (PREE) - Tsaramandroso
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30 Nov 2024
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30 Nov 2024
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30 Nov 2024
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Environmental and Social Impact Assessment (ESIA) - MADAGASCAR ELECTRIFICATION PROGRAMME - Programme d'Engagement Environnemental (PREE) - Tsiningia
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30 Nov 2024
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Environmental and Social Impact Assessment (ESIA) - MADAGASCAR ELECTRIFICATION PROGRAMME - Programme d'Engagement Environnemental (PREE) - Melokanarana
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30 Nov 2024
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Environmental and Social Impact Assessment (ESIA) - MADAGASCAR ELECTRIFICATION PROGRAMME - Programme d'Engagement Environnemental (PREE) - Mariarano
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30 Nov 2024
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Environmental and Social Impact Assessment (ESIA) - MADAGASCAR ELECTRIFICATION PROGRAMME - Programme d'Engagement Environnemental (PREE) - Ankazotokana
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30 Nov 2024
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Environmental and Social Impact Assessment (ESIA) - MADAGASCAR ELECTRIFICATION PROGRAMME - Programme d'Engagement Environnemental (PREE) - Marojala
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30 Nov 2024
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News & Stories
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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
Story
Alternatives to the main grid
Most rural households use kerosene, wood and charcoal for cooking and heating. The collection of wood and the production of charcoal damages forests and accelerates climate change due to greenhouse gas emissions.
Some people can afford to buy diesel generators to run electrically powered machines, tools and appliances, and irrigation pumps. Other solar home systems are mainly designed just to provide basic power for lighting and phone charging.
My life is getting easier and better
Clean, affordable and reliable energy
The solar power plant installed by WeLight generates electricity during the day and provides enough excess electricity to charges its batteries, which take over at night. Using a smart meters installed in private homes, residents can buy their electricity by prepaying directly with their phone.
WeLight offers free connection to community buildings (town halls, health centres, schools, police stations) and public lighting. These light up isolated villages, improve safety, and enable activities after dark.
Power for clean energy innovation
The world is currently on to track for a global temperature rise of 2.7˚C by the end of the century. That is well above the goal of 1.5oC set in the Paris climate agreement, and it would lead to serious changes in weather patterns worldwide.
A radical change is needed, and fast.
Making the best use of energy or – even better – using less of it is the best starting point. The next step is to make energy clean.
The scale and speed of the investment in clean energy solutions and innovations will determine whether we can still achieve a net-zero emission transition.
But what are the most promising green technology developments that can boost the decarbonisation of the economy? Let’s look at them.
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Solar power for rural Africa
ENGIE’s scaled up off-grid solar power model transforms rural energy access across Africa, tackling a major energy distribution challenge
Links
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Réunis à Séville, banques multilatérales de développement et secteur privé définissent les contours d’une coopération plus étroite pour le développement
Le Groupe Banque européenne d’investissement (Groupe BEI), en partenariat avec l’Alliance financière pour des émissions nettes zéro a organisé un échange de haut niveau avec des dirigeantes et dirigeants de banques multilatérales de développement et du secteur privé à l’occasion de la Conférence internationale sur le financement du développement à Séville, afin de renforcer la coopération et d’accroître l’investissement privé dans les marchés émergents et les économies en développement.
The power of connections in developing countries
LeapFrog brings financial services, healthcare and clean energy for millions of people in Africa and Asia.
Photogallery
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©WeLight
©WeLight
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