E-Long Life Energies Nouvelles (ELLEN)
ElectriFI’s loan will help FinEU Ellen distribute solar kits and appliances to individuals, schools, health clinics and small businesses in Mali and Niger providing them with an affordable source of reliable electricity.
EDFI ElectriFI contracted a EUR 4 million senior debt loan to provide E-Long Life Energies Nouvelles (ELLEN) with long term funding to kickstart its plans in both Niger and Mali, directly financing ~ 2.4k systems, with the objective of reaching ~20k customers in remote and rural areas by 2020.
E-LongLife Energies Nouvelles is a company based in Paris, France and created in 2015. It is specialising in energy services in difficult areas – designing and renting out large Solar Home Systems for productive use in the Sahel area (e.g Chad, Niger and Mali).
This project is in line with EDFI ElectriFI mandate to support private players delivering energy access services in regions with very low electrification rates.
ELLEN ‘s business activity is to design and rent out large Solar Home Systems (SHS) for productive use in the Sahel area. There are no significant E&S impacts associated with their business activity. ELLEN has a waste and recyclability commitment, and the products are rented in a transparent and responsible matter with a long-term pricing deemed affordable and in line with the energy expenses.