We Light

Africa

Region

50.5

Committment (MNOK)

Clean Energy

Sector

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.

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  • Sector: Clean Energy
  • Committment (MNOK): 50.5
  • Year: 2019
  • Region: Africa
  • Country: Regional
  • Domicile: Mauritius
  • Instrument: Equity & Loans
  • Status: Active

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