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OnePower Lesotho

Country
Lesotho
Technology
Hybrid Solar-Battery-Genset
Business model
Minigrid

ElectriFI signed a development finance loan of EUR 0.1m with OnePower Africa, to study the feasability of bringing affordable and reliable electricity to 25 off-grid villages in Lesotho, giving families, schools, health clinics, and local businesses the opportunity to thrive.

Contract signature date: May 2018

Total ElectriFI financing: EUR 0.1m
Environmental and Social Category: B
(A) high risk, (B+) medium high risk, (B) medium risk or (C) low risk

Brief description of the client and project: OnePower has been working on the inter-dependent technical and economic aspects of rural electrification for some years, resulting in an optimized design process with sizing and layout of our energy systems targeted at expected load profiles including locally manufactured technology as much as possible. Through this unique approach combined with a low cost of capital, OnePower can provide electricity to its customers at an affordable rate.

Funding objective: the purpose of the ElectriFI loan is to finance a detailed feasibility study for the company’ plans to build, own and operate solar PV minigrid projects in 25 pre-identified villages in rural Lesotho.

 

Impact

Number of beneficiaries
20,471
Annual output (MWh/y)
1,975
GHG avoidance (tCO2eq/y)
1,580

Key indicators

Beneficiary
One Power Africa
Financial instrument
Development Financing Loan
Amount
EUR 0.1 million
Country
Lesotho
Technology
Solar PV
Business model
Minigrid
Year
2018
Facility
ElectriFI global
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