European Investment Bank announces US$25m financing for Africa to develop off-grid solar systems

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The European Investment Bank (EIB) has agreed to provide US$25m to d.light design to strengthen access to energy in Africa via solar kits that do not require a grid, are easy to use and inexpensive for users. Particular emphasis will be placed on rural and suburban populations and micro-entrepreneurs.

This EU financing will enable d.light design to develop the installation of solar kits – including not only panels and lamps but also low-energy equipment (radios, TVs, etc.) – in sub-Saharan Africa with the ambitious goal of reaching 10 million solar installations within five years.

The installation of these off-grid solar systems with d.light will initially take place in Ethiopia, Kenya, Nigeria, Tanzania and Uganda.

Source: European Investment Bank (Image Source: EIU)

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