WeLight Madagascar mini-grids
WeLight builds and operates solar mini-grids for rural villages. By its 2023 fundraising it had 40 mini-grids serving 9,000 households across 8 regions of Madagascar.
Image credit
Ambohibary village, Vakinankaratra, Madagascar. Rural location context; a WeLight installation is not identified.Location context · Anai171 · CC BY-SA 4.0 · 2024 · Resized; display cropImage source ↗Licence ↗
OperatorWeLight
EcosystemSolar mini-grids
StandardNone
StatusActive
LocationRural villages, Madagascar (expanding from 8 to 17 regions)
Overview
Inside the project
A €19m raise, from the European Investment Bank, Triodos, EDFI ElectriFI and existing shareholders AXIAN Group, Sagemcom and Norfund, funded expansion into a further 120 villages across 17 regions, targeting 45,000+ newly connected households and about 250,000 people.
By late 2024 the company reported 172 electrified villages in Madagascar, with 14 more in Mali.
9,000
Households served (2023, 40 mini-grids)
19M EUR
2023 financing raise
186
Villages electrified by Nov 2024 (Madagascar + Mali)
Objectives
- Build and operate solar mini-grids for rural villages
- Expand from 8 to 17 regions of Madagascar
- Connect 45,000+ new households and about 250,000 people
Approach
- Mini-grids are built village by village and financed through a mix of development-bank debt and existing shareholder equity.
Sources
Inspect 2 sources
- eib.org ↗https://www.eib.org/en/press/all/2023-007-welight-raises-eur19-million-with-eib-edfi-electrifi-and-triodos-investment-management-to-bring-clean-affordable-and-reliable-energy-to-120-new-villages-in-madagascar
- ruralelec.org ↗https://www.ruralelec.org/welight-reaches-over-180-electrified-villages-in-madagascar-mali-reinforcing-its-pan-african-ambitions/
Documented by one public source so far.
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