WeLight secures $650 million financing for 1 million solar mini-grid connections in Africa by 2030

Type: Financing · Technology: Solar · Country: Nigeria, Democratic Republic of Congo · Value: $650M · Announced: 2026-07-10

WeLight, Africa's largest solar mini-grid operator, secured $650 million in financing to expand its solar mini-grid network across sub-Saharan Africa, targeting one million power connections by 2030. The expansion focuses on Nigeria and the Democratic Republic of Congo, leveraging both public financing from the World Bank and African Development Bank alongside private investment. The initiative aligns with broader electrification goals supported by international financial institutions, aiming to address energy access gaps in underserved regions. WeLight's existing portfolio of over 1,200 mini-grids will serve as the foundation for this scaled deployment. The financing structure combines concessional loans and commercial capital to ensure long-term sustainability of the mini-grid operations.

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