We Light
Africa
Region
135.5
Commitment (MNOK)
Active
Status
WeLight is a mini-grid company with commitment to provide reliable, accessible and renewable energy to people in isolated rural areas of Madagascar, with expansion opportunities in other sub-Saharan African countries. Norfund has provided equity to establish the business and help finance the initial roll-out of installations across Madagascar.
Key information
- Sector:
- Renewable Energy
- Commitment (MNOK):
- 135.5
- Year:
- 2019
- Region:
- Africa
- Country:
- Regional
- Domicile:
- Mauritius
- Instrument:
- Equity
- Status:
- Active
- Mandate:
- Development
Additionality for WeLight
This investment is particularly additional on the following ambitions:
- Investing in the poorest countries
- Investing in the most capital constrained markets
- Investing in the riskiest markets
- Investing in the most difficult business environments
- Investing in high risk instruments
- Contributing to starting new business activity
- Mobilising private investors
- Taking an active role in investments
- Improving social and environmental standards
