![](https://edfimc.eu/wp-content/uploads/2024/01/sunkofa-energy-carpentry-workshop-south-africa@1024w.jpg)
Sunkofa Energy
Period
2021
Country
Benin
Sector
Renewable energy
Financial facility
ElectriFI
ElectriFI invested EUR 1.5m in Sunkofa Energy, an innovative company providing energy services through smart mini-grids in Benin. EUR 0.8m is funded through the ElectriFI Country Window for Benin while the remaining EUR 0.7m are financed via the Global Facility.
Project overview
Sunkofa is a young developer and operator of rural mini-grids in sub-Saharan Africa. Sunkofa’s most advanced project is located in Benin where the company is looking to build 40 mini-grids supported by a grant from the Millennium Challenge Corporation. In addition to Benin, Sunkofa has a strong pipeline of projects in West and Southern Africa.
EDFI ElectriFI EUR 1.5 m equity investment will finance Sunkofa’s corporate needs, as well as a portion of the construction costs in Benin and provide funding for further mini-grid development. EDFI ElectriFI funding will contribute to the much-needed development capital in the mini-grid sector. ElectriFI investment will provide strong additionality due to small ticket size and early stage of the company.
![Logo](https://edfimc.eu/wp-content/uploads/2024/01/sunkofa-logo.png)
Funding objective
EDFI ElectriFI EUR 1.5M equity investment will finance Sunkofa’s corporate needs, as well as a portion of the construction costs in Benin and provide funding for further mini-grid development.
Investment rationale
EDFI ElectriFI funding will contribute to the much needed development capital in the mini-grid sector. ElectriFI investment will provide strong additionality due to small ticket size and early stage of the company.
![](https://edfimc.eu/wp-content/uploads/2024/01/sunkofa-energy-carpentry-workshop-south-africa@1024w.jpg)
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Key Indicators
Financial Instrument
Equity and subordinated debt
Amount
EUR 1.5 million
Year
November 2021
Targeted impact
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