Easy Solar raises USD 5 million to continue its expansion of solar systems, appliances, and consumer electronics across Sierra Leone.

Easy Solar, a leading last mile distribution and asset financing company that sells solar systems, productive appliances & consumer electronics, has secured a USD 5 million senior secured debt facility to expand its reach across Sierra Leone. The funding was advanced in local currency by the Facility of Energy Inclusion’s Off-Grid Energy Access Fund (“FEI-OGEF”, managed by Lion’s Head Global Partners Asset Management (“Lion’s Head”) and with support from The Currency Exchange Fund (”TCX”), that provided the hedging instrument.

Easy Solar began operations in 2016, focusing on solar-powered lanterns and home systems for low income, rural customers without access to electricity. The facility will enable Easy Solar to continue to finance its core range of solar products and deepen penetration across rural communities in Sierra Leone.