ZAMBIA: MySol secures $7.5m for off-grid solar electrification

MySol Grid Zambia, a subsidiary of Engie Energy Access, has secured a $7.5 million loan to electrify 40,000 people in Zambia. The funding is being provided by the Facility for Energy Inclusion (FEI).

The financing granted to MySol will support the construction of 60 solar photovoltaic mini-grids in Zambia.  The project should enable the electrification of at least 40,000 people, as well as small businesses and shops in rural areas. These solar mini-grids will be deployed under the 11th European Development Fund’s Improving Access to Electricity and Renewable Energy Programme (IAEREP).