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