Highlights The EIB disbursed 10 million between April and June 2023. The funds will help WeLight make progress with the development and construction of solar mini-grids in 120 rural . . .
WeLight Madagascar’s access to energy initiative will receive €19 million in financing from the EIB, Triodos Investment Management and EDFI ElectriFI the EU-funded Electrification Financing Initiative.
Today the European Investment Bank (EIB), Triodos Investment Management and EDFI ElectriFI announced their new collective investment of €19 million to support WeLight Madagascar’s €28 million project in Madagascar. The investment will enable WeLight to build and develop solar mini-grids to supply electricity to over 120 villages in Madagascar which currently have no access to the electricity grid.