Back to all projects
project

OnePower (follow-on)

Country
Lesotho
Technology
Multiple
Business model
Minigrid

EDFI ElectriFI and REPP invest in renewable energy startup OnePower to bring energy access to 20,000 people in rural Lesotho.

Contract signature date: December 2021

Total ElectriFI financing:  LSL 75m (EUR 44m equivalent)

Environmental and Social Category: B
(A) high risk, (B+) medium high risk, (B) medium risk or (C) low risk

About the project:

EDFI ElectriFI contracted a EUR 44 million equity-and-debt with OnePower Lesotho PTY Ltd to build mini-grids that will provide first-time electricity access to 20,000 people and enable seven health clinics to benefit from renewable energy. This is the second investment in the company, after a Development Finance Loan of 0.1 million in 2018.

OnePower Lesotho PTY Ltd has been developing Lesotho’s first solar-battery mini-grid at the village of Ha Makebe in the Berea district, and is now ready to design, procure the equipment, build and operate a portfolio of up to 11 mini-grids for a total capacity of 1,8 MW in rural communities of Lesotho. This investment into the project vehicle, Sotho Minigrid Portfolio SPV, will fund the construction of the portfolio of mini-grids in Lesotho.

At a glance:

Investment disclosure

www.1pwrafrica.com

Impact

Number of beneficiaries
27.010
Annual output (MWh/y)
3.480
GHG avoidance (tCO2eq/y)
13.647

Key indicators

Beneficiary
OnePower
Financial instrument
Equity & Senior debt
Amount
LSL 75m (EUR 4.4m)
Country
Lesotho
Technology
Solar PV - Energy storage
Business model
Mini-grid
Year
2021
Facility
ElectriFI global

Related News
Stay informed about
Our new investments
More info ?Contact Us !
Contact