Sigora Haiti
- Country
- Haiti
- Technology
- Solar PV
- Business model
- Minigrid
ElectriFI was the first international financier to invest in Sigora in 2016 with a quasi-equity of USD 2.5 million to attract additional long-term strategic investments.
Contract Signature date: February 2017
Total ElectriFI financing: USD 2.5 million
About the project:
EDFI ElectriFI committed USD 2.5 million to increase the number of Sigora customers and provide them with access to 24/7 electricity in a country where three quarters of the population doesn’t have power, and where those who do have to cope with intermittent access totaling just 5-9 hours a day.
Sigora leverages smart grid technology, pre-paid electricity, and renewable generation to tackle the near-universal challenges facing frontier market utilities: a combination of poor revenue collection owing to bill-collection rates well below 100%; energy theft; and unsustainable operational expenditures owing to outdated and labor intensive practices. The micro-utility plans to continue its deployment in the Northern province by adding another mini-grid in the municipality of Bombardopolis, interconnecting its mini-grids, and by connecting close to 10,000 active accounts by the end year. ElectriFI was the first international financier to invest in Sigora and was critical in attracting additional long-term strategic investments.
At a glance
- Number of beneficiaries
- 135,000
- Annual output (MWh/y)
- 4,543
- GHG avoidance (tCO2eq/y)
- 3,634
Impact
- Beneficiary
- Sigora Haiti
- Financing instrument
- Quasi-equity
- Amount
- USD 2.5 million
- Country
- Haiti
- Technology
- Solar PV
- Business Model
- Minigrid
- Year
- 2017
- Facility
- ElectriFI Global