Southern Africa
US$10m funding approved for Solar Minigrids project in Lesotho
ElectriFI, REPP, and 1PWR have reached financial close for 11 solar mini-grids in Lesotho.
The EU-funded Electrification Financing Initiative (ElectriFI) and the UK-funded Renewable Energy Performance Platform (REPP) have each invested €4.4million ($4.9m) into a project-finance vehicle led by OnePower (1PWR) to construct the 11 mini-grids in Lesotho.
Through the project vehicle, ‘Sotho Minigrid Portfolio’, a total of 11 mini-grids will be installed in Lesotho
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