SolarX obtains a €7.5m loan to supply solar energy to C&I customers

But during this long period of uncertainty, the company has continued to operate, thanks to its shareholders who have advanced $4 million to accelerate the deployment of 1,940 kits in Mali. ElectriFI’s investment is therefore crucial to the repayment of the shareholder’s loan and progress in the deployment of sustainable energy solutions.

In addition to Mali, FinEu Ellen is contributing to the electrification of the Sahel by installing large-scale solar home systems with capacities of up to 5 kW to provide access to electricity for households, schools, health centres and small businesses in Niger. With the ElectriFI loan, FinEu Ellen expected to distribute 2,400 domestic systems, with the aim of reaching 20,000 customers in rural and isolated areas.