BGFA finances the electrification of 580,000 households via solar energy
05 Jul 2022

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The Beyond the Grid Fund for Africa (BGFA) has signed financing agreements with several companies to electrify at least 580,000 households and small businesses. This new round of financing benefits three African countries.

The Beyond the Grid Fund for Africa (BGFA) is strengthening its position on the African continent’s energy scene through a new initiative. The financing facility managed by the Nordic Environment Finance Corporation (NEFCO) is signing several agreements with suppliers of stand-alone solar systems to support access to electricity in three sub-Saharan African countries.

In Burkina Faso, the BGFA has agreed with solar home system provider Aress to provide electricity access to 20,000 households in rural and peri-urban areas. Using the pay-as-you-go model common in the solar home systems segment, the company plans to install equipment capable of lighting, charging cell phones, powering televisions and even refrigerators. Aress will also install its stand-alone solar systems in commercial and public service facilities.