- Solar PV
- Business model
ElectriFI global EUR 0.1 million development financing loan to Benoo Energies aims to support the Asrama Microgrid Pilot Project and provide electricity to a village of 5000 residents.
Total ElectriFI financing: EUR 0.1m
Brief description of project:
The Asrama Microgrid Pilot Project was developed by the energy access integrated operator Benoo Energies. Asrama is a village of 5000 residents in Togo, connected to the national road, with no electricity. The closest grid connection is 27 km away. The financed pilot will have a capacity of 24 kW and will focus on servicing around 80 businesses. The target capacity is 110 kW, aiming at reaching 370 households and 85 businesses.
ElectriFI will provide EUR 100,000 in development financing that will be used to co-finance the implementation of Asrama Microgrid Pilot Project. The purpose of the pilot is to help validate the business and financial assumptions of Benoo (including acceptance of pricing level and support by local authorities), especially related to the micro-grid revenue stream.
Why ElectriFI wants to fund this project:
ElectriFI aims to support Benoo’s efforts to develop, build and operate offgrid systems in Togo, by focusing on rural areas not connected to the national grid. Targeted locations are villages or groups of villages with minimum 5000 inhabitants. Targeted customers are households, shops and small industries in these rural communities.
At a glance:
- 24 kW
- 370 households and 85 businesses
- Benoo Energies
- Financial Instrument
- Development Financing Loan
- USD 100,000
- Solar PV
- Business Model
- ElectriFI Global