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Latest investment to power West African communities with solar energy

Latest investment to power West African communities with solar energy

Renewable energy.jpg12 April | 2022

Oikocredit invests € 1.4 million in Weziza Benin to support the growth of distributed energy in West Africa.

With our investment of € 1.4 million, energy enterprise Weziza Benin will be able to connect 40,000 people in rural Benin to consistent solar electricity. These funds will go towards development, construction, and operation of a renewable energy system based on a collection of solar mini-grids over the next 10 years.

Our partnership on this project is to aid the transition from non-renewable to clean energy in developing nations, and set an example of sustainable development.

Siebren Wilschut, Investment Officer at Oikocredit, said: "We're delighted to support Weziza Benin as they expand their provision of access to safe, clean and reliable energy. Renewable energy mini-grids have enormous potential to meet the needs of millions who currently experience energy poverty, to support productive uses of electricity and to stimulate development in rural communities. With Oikocredit’s support, Weziza Benin will continue to scale up its social impact for the benefit of thousands of households.”

Read more in the press release

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