E-Long Life Energies Nouvelles (ELLEN)
- Country
- Africa
- Technology
- Solar PV
- Business model
- SHS
ElectriFI’s loan will help FinEU Ellen distribute solar kits and appliances to individuals, schools, health clinics and small businesses in Mali and Niger providing them with an affordable source of reliable electricity.
Contract signature date: December 2019
Countries: Mali, Niger
Total ElectriFI financing: 4m EUR
Environmental and Social Category: C
(A) high risk, (B+) medium high risk, (B) medium risk or (C) low risk
About the project:
EDFI ElectriFI contracted a EUR 4 million senior debt loan to provide E-Long Life Energies Nouvelles (ELLEN) with long term funding to kickstart its plans in both Niger and Mali, directly financing ~ 2.4k systems, with the objective of reaching ~20k customers in remote and rural areas by 2020.
E-LongLife Energies Nouvelles is a company based in Paris, France and created in 2015. It is specialising in energy services in difficult areas – designing and renting out large Solar Home Systems for productive use in the Sahel area (e.g Chad, Niger and Mali).
At a glance
- Number of benficiaries
- 15,000
- Annual output (MWh/y)
- 1,200
- GHG avoidance (tCO2eq/y)
- 2,333
Impact
- Beneficiary
- E-Long Life Energies Nouvelles
- Financing instrument
- Senior debt
- Amount
- EUR 4 million
- Countries
- Mali and Niger
- Technology
- Solar PV
- Business model
- Solar Home Systems
- Year
- 2019
- Facility
- ElectriFI global