ENGIE-africa.com<\/a>), through its Solar Home System company Fenix International and the European Investment Bank, one of the world\u2019s largest financiers of renewable energy.<\/p>\n\u201cAccess to affordable and clean energy is important to fight poverty, create jobs and empower women and girls. The European Investment Bank is pleased to agree new support for scaling up off-grid solar deployment in East Africa under this new partnership with ENGIE. Over a million people across Uganda will be able to access electricity for the first time that will power communications, provide light and make cooking easier. This scheme will also reduce use of kerosene, charcoal and candles to help families save money, reduce pollution and reduce the risk of accidents. Unlocking sustainable economic and social development through off-grid solar is key for Africa\u2019s future and the EIB is pleased to back this project in Uganda.\u201d said Ambroise Fayolle, European Investment Bank Vice President.<\/em><\/p>\n\u201cAt ENGIE, we see the massive potential of the off-grid electrification sector as a way to bridge energy gaps across Africa, faster and more affordably. Every day families across Africa are able to access electricity for the first time using off-grid solar technology provided by ENGIE Africa. Our new partnership with the European Investment Bank in Uganda will allow Fenix to provide ultra-affordable PAYGO systems to millions of people in villages across the country. This will provide access to clean solar power and financial empowerment. Providing access to energy in Africa is a huge undertaking but I firmly believe that universal access to energy is achievable in the foreseeable future, through smart investments in a combination of national grid extension, solar home systems and mini-grids. With our off-grid platform, we are industrializing and scaling up the development of a wide range of decentralized solutions, with a sustainable business model. As of now, ENGIE is providing decentralized electricity to more than 4.5 million people in 9 countries through solar home systems from both Fenix and ENGIE Mobisol, as well as mini-grids from ENGIE PowerCorner.\u201d\u00a0<\/em>said Yoven Moorooven, CEO of ENGIE Africa.<\/p>\nThe European Investment Bank has agreed to provide a USD 12.5 million loan to support the deployment of 240,000 high-quality solar home systems in Uganda by Fenix International, a subsidiary of ENGIE.<\/p>\n
Solving the last mile challenge to provide power in remote communities across Uganda\u00a0<\/strong>Only one in five Ugandans living in remote and rural communities has access to reliable electricity. By scaling up adoption of off-grid solar technology this new initiative will provide economic, social, education and health opportunities for families and entrepreneurs who cannot be connected to the national electricity network.<\/p>\nCustomers will also be able to benefit from Fenix International\u2019s service centres that provide support in 30 languages across Uganda.<\/p>\n
Supporting private sector growth and sustainable development in Uganda<\/p>\n
Following the new agreement between Fenix and the European Investment Bank households, entrepreneurs and small holders across Uganda will be able to access electricity for mobile phones, solar lighting, refrigeration, radio and television. This will help farmers to sell produce, create new markets for traders and improve health.<\/p>\n
Increased provision of reliable and affordable energy will create new opportunities for women and girls and reduce exposure to indoor pollution from current kerosene use.<\/p>\n
\u201cThe European Union is committed to supporting sustainable economic and social development across Uganda. This new cooperation initiative between the European Investment Bank and Fenix International, a subsidiary of leading European energy company ENGIE, demonstrates the value-added of European engagement with Ugandan partners to advance the country’s development vision. Harnessing renewable energy through innovative off-grid solar technology, combined with productive uses of power in rural areas, is a direct demonstration of the European Union\u2019s green deal for Africa, providing new opportunities for millions of Ugandans.\u201d said Attilio Pacifici, European Union Ambassador to Uganda.<\/p>\n
Unlocking financial empowerment and overcoming currency barriers<\/p>\n
Provision of a PAYGO model will allow families who would be unable to afford the upfront costs of solar home systems to repay the cost of equipment over years at less than USD 20 cents a day. The new European Investment Bank financing will also allow repayment of equipment purchased in US dollars in Ugandan shillings. Previously currency fluctuations hindered provision of affordable clean energy solutions to Ugandans without access to foreign currency.<\/p>\n
\u201cProviding hundreds of thousands of new solar home systems through the PAYGO model will allow our Ugandan team to transform communities across the country. We are proud to be the latest national off- grid power operation to be supported by the European Investment Bank and we will work tirelessly to illuminate homes and provide clean power until all of Uganda can access electricity.\u201d said Daniel Willette, Managing Director Uganda (Fenix)<\/p>\n
Customers will also benefit from cheaper costs and easier repayment through use of mobile banking. This will also provide other financial products and allow customers to expand existing equipment as needed.<\/p>\n
Building on the EIB\u2019s renewable energy track record in Uganda and across Africa<\/p>\n
Over the last decade the European Investment Bank has provided more than EUR 5.4 billion for clean energy investment across Africa.<\/p>\n
In recent years the European Investment Bank has been a leading financial for the Bujagali hydropower project in Uganda, the Lake Turkana Wind Farm, Olkaria Geothermal plant and the Radiant and Eldosol solar schemes, as well as financing last mile connections in Kenya. The EIB is also supporting studies to harness hydropower to transform clean energy in Burundi and the Great Lakes region.<\/p>\n","protected":false},"excerpt":{"rendered":"
Scaling up off-grid solar power model for transforming rural energy access across Africa; EIB financing to overcome barriers to 80% of Ugandans without access to electricity; Local currency financing to … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":8701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7443,4746,4748,11],"tags":[7996,7001,821,7992,7993,5222,7994,5198,7995,2955,5318,2603],"class_list":["post-8700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-eastern-africa","category-renewables-2","category-solar","category-top-news","tag-eldosol","tag-engie","tag-european-investment-bank","tag-fenix","tag-lake-turkana-wind-farm","tag-off-grid","tag-olkaria-geothermal-plant","tag-paygo","tag-radiant","tag-renewable-energy","tag-solar","tag-uganda","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/DSC_2708_1-scaled.jpg?fit=2560%2C1709&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2gk","jetpack-related-posts":[{"id":10961,"url":"https:\/\/www.oilnewskenya.com\/index.php\/engie-energy-access-empowers-african-with-clean-energy-via-smart-integration-of-mini-grids-new-solar-home-system-brand\/","url_meta":{"origin":8700,"position":0},"title":"ENGIE Energy Access Empowers African with Clean Energy via Smart Integration of Mini-grids & New Solar Home System brand","author":"","date":"October 6, 2021","format":false,"excerpt":"ENGIE Energy Access (EEA) has announced that within 1 year of integrating its decentralized energy businesses, it has considerably expanded its customer base and is now delivering safe and reliable solar energy to 6.5 million people in Sub-Saharan Africa. EEA has acquired approximately 200,000 new customers across its 9 markets\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/10\/ENGIE-Energy-scaled.jpg?fit=1200%2C701&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/10\/ENGIE-Energy-scaled.jpg?fit=1200%2C701&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/10\/ENGIE-Energy-scaled.jpg?fit=1200%2C701&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/10\/ENGIE-Energy-scaled.jpg?fit=1200%2C701&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/10\/ENGIE-Energy-scaled.jpg?fit=1200%2C701&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":10020,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-engie-acquires-100-mw-concentrated-solar-power-plant\/","url_meta":{"origin":8700,"position":1},"title":"SOUTH AFRICA: ENGIE acquires 100 MW Concentrated Solar Power plant","author":"","date":"March 2, 2021","format":false,"excerpt":"ENGIE has announced that it has reached an agreement to acquire from Abengoa a 40% equity stake in Xina Solar One, a 100 MW Concentrated Solar plant, as well as 46% of the Operations & Maintenance Company. The plant is equipped with parabolic trough technology and a molten salt storage\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/Solar-PV.jpg?fit=929%2C616&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/Solar-PV.jpg?fit=929%2C616&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/Solar-PV.jpg?fit=929%2C616&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/Solar-PV.jpg?fit=929%2C616&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":11191,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-engie-completes-the-acquisition-of-xina-solar-one-a-100mw-concentrated-solar-power-plant\/","url_meta":{"origin":8700,"position":2},"title":"SOUTH AFRICA: ENGIE Completes the Acquisition of Xina Solar One a 100MW Concentrated Solar Power plant","author":"","date":"November 19, 2021","format":false,"excerpt":"ENGIE has completed the acquisition of Abengoa\u2019s indirect stake in Xina Solar One (Pty) Ltd. Following completion of the transaction, ENGIE will now hold a 40% equity stake in the Xina Solar One 100 MW Concentrated Solar Power (CSP) plant, as well as a 46% of the Xina Operations &\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/Xina-Solar-One.jpg?fit=1100%2C733&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/Xina-Solar-One.jpg?fit=1100%2C733&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/Xina-Solar-One.jpg?fit=1100%2C733&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/Xina-Solar-One.jpg?fit=1100%2C733&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/Xina-Solar-One.jpg?fit=1100%2C733&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":9817,"url":"https:\/\/www.oilnewskenya.com\/index.php\/engie-streamlines-its-activities-incorporates-africa-in-its-mescat-business-unit\/","url_meta":{"origin":8700,"position":3},"title":"ENGIE Streamlines its Activities & Incorporates Africa in its MESCAT Business Unit","author":"","date":"February 3, 2021","format":false,"excerpt":"ENGIE has merged its Africa portfolio with the MESCAT Business Unit under the leadership of S\u00e9bastien Arbola, Chief Executive Officer of ENGIE MESCATA (Middle East, South and Central Asia, Turkey and Africa). S\u00e9bastien Arbola has also been appointed Executive Vice President in charge of Thermal Generation and Energy Supply activities\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/Sebastien-Arbola.jpg?fit=965%2C814&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/Sebastien-Arbola.jpg?fit=965%2C814&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/Sebastien-Arbola.jpg?fit=965%2C814&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/Sebastien-Arbola.jpg?fit=965%2C814&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":6604,"url":"https:\/\/www.oilnewskenya.com\/index.php\/east-africa-energy-infrastructure-summit-set-kampala-february-2018\/","url_meta":{"origin":8700,"position":4},"title":"East Africa Energy and Infrastructure Summit Set For Kampala in February 2018","author":"","date":"December 7, 2017","format":false,"excerpt":"The East Africa Energy and Infrastructure Summit will unite the leading entities in the region to focus on what is needed to unlock investment in energy and infrastructure for regional growth and development Two co-located conferences taking place in Kampala from the\u00a06-8 February\u00a0have received the official endorsement of the Ministry\u2026","rel":"","context":"In "Events"","block_context":{"text":"Events","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/events\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/12\/event_ceosummit2014_hero.jpg?fit=380%2C283&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6857,"url":"https:\/\/www.oilnewskenya.com\/index.php\/united-kingdom-support-solar-energy-industry-uganda\/","url_meta":{"origin":8700,"position":5},"title":"United Kingdom to Support Solar Energy Industry in Uganda","author":"","date":"February 22, 2018","format":false,"excerpt":"DFID and the United Nations Capital Development Fund partner to enhance the Uganda solar energy industry The British High Commissioner to Uganda, HE Peter West has announced a new partnership between the UK\u2019s Department for International Development (DFID) and the United Nations Capital Development Fund (UNCDF) in Uganda. The partnership\u2026","rel":"","context":"In "Renewables 2"","block_context":{"text":"Renewables 2","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/renewables-2\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/09\/Solar-Energy.png?fit=588%2C391&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/09\/Solar-Energy.png?fit=588%2C391&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/09\/Solar-Energy.png?fit=588%2C391&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/8700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=8700"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/8700\/revisions"}],"predecessor-version":[{"id":8702,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/8700\/revisions\/8702"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/8701"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=8700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=8700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=8700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}