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HomeNewsSierra Leone: Firm Acquires $5m Credit Line for Solar Kits

Sierra Leone: Firm Acquires $5m Credit Line for Solar Kits

  • Renewable energy developer secures local currency credit facility.
  • Energy Inclusion Facility’s Off-Grid Energy Access Fund provided the finance.

Easy Solar has begun processes to secure a $5 million local currency credit facility from the Energy Inclusion Facility’s Off-Grid Energy Access Fund (EIF OGEF). The finance will enable the firm to electrify rural areas via solar home systems.

The credit facility provides guaranteed financing to support the growth of innovative off-grid energy companies. Governed by Lion’s Head Global Partners (LHGP), the fund is part of the Energy Inclusion Facility (EIF), a debt financing mechanism for small-scale electricity access projects capitalised by the African Development Bank (AfDB) and other development finance institutions and commercial investors.

  • Ekene Mekwunye is a Research Analyst for The Electricity Hub. She is an environmental enthusiast, a researcher and an eloquent writer. She graduated top of her class from the University of Benin with a bachelor’s degree in Environmental Biology.