Does EIB support Engie's deployment of solar home systems in Benin?

EIB backs Engie’s deployment of solar home systems in Benin The European Investment Bank (EIB) has agreed a €10m ($10.2m) local currency loan backing the deployment of 107,000 solar home systems in Benin by Engie Energy Access. The systems are expected to provide power to around 643,000 people.

What type of energy is used in Benin?

Like for most countries in Sub-Saharan Africa, Benin's energy sector is largely dominated by the use of biomass-based energy sources (59.4%) (Tableau de Bord de l'Energie au Bénin, 2005), followed by petroleum products (38.4%) and, to a lesser degree, electricity (2.2%).

Who is responsible for generating electricity in Benin?

Societe Beninoise d’Energie Electrique (SBEE): Responsible for electricity distribution and local generation through diesel generators (around 13% of generation capacity). Agence Beninoise d’Electrification Rurale et de Maitrise d’Energie (ABERME): responsible for rural energy supply (established in 2004).

How many people rely on kerosene in Benin?

The systems are expected to provide power to around 643,000 people. The EIB has already financed Engie Energy Access’ operations in Uganda and Benin is the sixth African country to receive funding from the bank for off-grid solar projects (AE 421/12). The EIB said more than 1m households in Benin rely on kerosene or candles for lighting.