Les Soleils du Bénin solar mini-grid portfolio

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The project, known as "Les Soleils du Bénin," involves the construction and operation of a portfolio of 12 mini-grids in Benin. The objective is to empower over 3,000 households and businesses in Benin with a reliable electricity supply. This initiative is led by Les Soleils du Bénin, a special purpose vehicle (SPV) jointly developed by GDS International and Africa Renewable Energy System & Solution (ARESS) in collaboration with NEoT Offgrid Africa. The project aims to deploy 1.7MW of solar photovoltaic (PV) capacity, supported by 3 MW of battery storage. The total project cost is approximately $9.6 million, with a $3.3 million investment from Electrification Financing Initiative (ElectriFI), managed by EDFI Management Company, through a Senior Debt Agreement. The financing is also supported in part by subsidies from the MCA-Benin II Offgrid Clean Energy Facility. Financial close was achieved on September 4th, 2023. https://www.electrifi.eu/news/electrifi-backs-les-soleils-du-benin-with-a-eur-3-1-million-investment-ensuring-sustainable-energy-access-to-over-3-000-households-and-businesses-in-benin/