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
Brief description of the project: E-LongLife Energies Nouvelles is a company based in Paris, France and created in 2015. It is specializing 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).
Funding objective: This investment will provide the prospect 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.
Why ElectriFi wants to fund this project: This project is in line with ElectriFI mandate to support private players delivering energy access services in regions with very low electrification rates.
Environmental & social rationale:
The Project is rated category C.
Ellen ‘s business activity is to design and rent out large Solar Home Systems (SHS) for productive use in the Sahel area. There are no significant E&S impacts associated with their business activity. Ellen has a waste and recyclability commitment and the products are rented in a transparent and responsible matter with a long-term pricing deemed affordable and in line with the energy expenses.
- 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