Vice-President of the European Investment Bank (EIB – the EU bank) Ambroise Fayolle revealed the signature of US$ 25m in financing with d.light design to strengthen access to energy in Africa via solar kits that do not require a grid, are easy to use and inexpensive for users thanks to a pre-payment system. This EU financing will enable d.light design to develop the installation of solar kits – including not only panels and lamps but also low-energy equipment (radios, TVs, etc.) – in sub-Saharan Africa with the ambitious goal of reaching 10 million solar installations within five years.
Ambroise Fayolle, EIB Vice-President, said, “I am delighted that the EIB has signed this new financing with d.light in Africa for an off-grid solar project that will have a major economic and social impact on people and micro-entrepreneurs. The EU bank is determined to implement the Paris climate agreement and to cooperate to achieve the sustainable development goals, particularly when it comes to ensuring access to affordable, reliable and sustainable energy for all.”
