project

E-Long Life Energies Nouvelles (ELLEN)

Country: Mali
Technology: Solar PV
Business model: SHS

ElectriFI’s loan will help FinEU Ellen distribute solar kits and appliances to individuals, schools, health clinics and small businesses in Mali and Niger providing them with an affordable source of reliable electricity.

Contract signature date: December 2019

Countries: Mali, Niger

Total ElectriFI financing: EUR 4 million

Environmental and Social Category: C
(A) high risk, (B+) medium high risk, (B) medium risk or (C) low risk

About the project:

EDFI ElectriFI contracted a EUR 4 million senior debt loan to provide E-Long Life Energies Nouvelles (ELLEN) with long term funding to kickstart its plans in both Niger and Mali, directly financing ~ 2.4k systems, with the objective of reaching ~20k customers in remote and rural areas by 2020.

E-LongLife Energies Nouvelles is a company based in Paris, France and created in 2015. It is specialising in energy services in difficult areas – designing and renting out large Solar Home Systems for productive use in the Sahel area (e.g Chad, Niger and Mali).

At a glance