News Industry

Benin to Build Nine Rural Solar Mini-Grids With $2.9 Million Financing

Benin to Build Nine Rural Solar Mini-Grids With $2.9 Million Financing
Thursday, 29 January 2026 08:27
  • CEI Africa and Energise Africa mobilized $2.9 million to finance nine rural solar mini-grids in Benin.

  • The projects will supply continuous electricity to about 4,700 households and local businesses outside the national grid.

  • The financing combines secured debt and results-based grants to support off-grid electrification.

Clean Energy and Energy Inclusion for Africa (CEI Africa) and crowdfunding platform Energise Africa announced on Wednesday, Jan. 8, 2026, the mobilization of $2.9 million to finance the construction of nine rural solar mini-grids in Benin. Mionwa Generation SA, a subsidiary of developer OnePower, is leading the project.

The financing directly allocated to the projects includes a $1.5 million secured junior loan provided by CEI Africa through its crowdlending window, as well as a $970,000 secured senior loan raised by Energise Africa. Energise Africa said it continues to mobilize an additional $420,000, which would bring the total debt package to about $2.9 million.

These funds will support the construction of nine photovoltaic solar plants with a combined installed capacity of 595 kilowatts, paired with 1.7 megawatt-hours of battery storage. Once operational, the mini-grids will deliver continuous electricity to around 4,700 households and local economic activities located outside the national grid.

In addition to the debt financing, CEI Africa has awarded up to $972,000 in results-based grants. Separately, the Universal Energy Facility, a performance-based financing mechanism managed by Sustainable Energy for All, allocated a total envelope of $1.66 million for five sites.

“This financing marks a major milestone for the OnePower Mionwa portfolio in Benin. By combining results-based financing from CEI Africa and the Universal Energy Facility with debt provided by CEI Africa and Energise Africa, we can deploy sustainable, commercially viable solar mini-grids that deliver utility-grade service to communities historically left out of the central grid,” said Matthew Orosz, chief executive officer of One Power Group.

According to the World Bank, Benin’s electricity access rate reached 57% in 2023. However, the national average masks sharp territorial disparities. In rural areas, where grid extension remains more costly, the access rate fell to 43%. The same source said rural populations still accounted for 47% of the country’s total population in 2024.

Against this backdrop, a significant share of households continues to rely on limited or unreliable energy solutions, strengthening the case for solar mini-grids as a financially accessible and sustainable electrification option.

This article was initially published in French by Abdoullah Diop

Adapted in English by Ange J.A de BERRY QUENUM

On the same topic
CEI Africa and Energise Africa mobilized $2.9 million to finance nine rural solar mini-grids in Benin. The projects will supply continuous...
Morocco’s legal cannabis sector continues to expand five years after legalization, supported by rising private investment. Family-owned Cannablanca...
Orezone agreed to acquire Hecla Quebec for up to C$593 million to diversify away from Burkina Faso. The deal gives Orezone full ownership of the Casa...
Global LNG exports rose 8.3% year on year in December to 40.5 million tons Angola, Nigeria, Mauritania, and Senegal were among contributors to the...
Most Read
01

The BoxCommerce–Mastercard Partnership introduces prepaid cards, giving SMEs instant access to e...

South Africa’s BoxCommerce Partners with Mastercard on SME Fintech Solution
02

Circular migration is based on structured, value-added mobility between countries of origin and host...

Circular migration as a lever to turn Africa’s student exodus into value
03

Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...

Global Firepower Index 2026: Egypt, Algeria, Nigeria Lead Africa's Military Rankings
04

BRVM listed the bonds of the FCTC Sonabhy 8.1% 2025–2031, marking Burkina Faso’s first securitiz...

BRVM Lists Burkina Faso’s First Securitization Fund Bonds
05

President Tinubu approved incentives limited to the Bonga South West oil project. The project tar...

Nigeria approves targeted incentives to speed up Shell’s Bonga South West project
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.