MyJouleBox
- Country
- Benin
- Technology
- Solar PV
- Business model
- SHS
ElectriFI invested a total of EUR 1.5m split (under the Benin Country Window) for EUR 500 000 into equity alongside Gaia Impact Fund and for EUR 1m into convertible notes together with Triodos Investment Management.
Contract signature date: May 2021
Total ElectriFI financing: EUR 1.5 m
Environmental and Social Category: B
(A) high risk, (B+) medium high risk, (B) medium risk or (C) low risk
About the project:
ElectriFI contracted a EUR 1.5 million equity loan to create 31 000 new connections offering a sustainable, reliable source of energy to 155 000 beneficiaries. With the funding, the MyJouleBox plans to recruit 200 new staff. The company is specialised in the commercialisation, installation and maintenance of PV solutions in Benin. Since its inception in 2012, the company sold > 27 000 systems for total installed capacity of > 1.3 MWp. MyJouleBox is now looking at strengthening its market position in Benin and expanding into Burkina Faso and Togo.
- Number of beneficiaries
- 155 000
- Annual output (MWh/y)
- 5.6
- GHG avoidance (tCO2eq/y)
- 41 456
Impact
- Beneficiary
- MyJouleBox
- Financing instrument
- Equity
- Amount
- EUR 1.5m
- Countries
- Benin
- Technology
- Solar PV
- Business Model
- Solar Home Systems
- Year
- 2021
- Facility
- Country Window Benin