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Madagascar: WeLight raises €19 million with EIB, EDFI ElectriFI and Triodos Investment Management to bring clean, affordable and reliable energy to 120 new villages
The financing will be used to build and develop small solar mini-grids in over 120 villages in rural Madagascar, expanding WeLight’s coverage from eight regions to 17.
The project aims to serve around 250,000 people, providing more than 45,000 households and businesses with first-time access to clean, affordable and productive energy and light.
