Solar for All: ElectriFI fuels Moon Togo’s mission to triple household connections
Brussels, 14 January 2025 – EDFI Management Company announced today a significant investment in Moon Togo, a pioneering solar energy company operating in Togo. This investment through ARE Member the Electrification Financing Initiative – ElectriFI aims to support Moon’s innovative community model and expand access to clean, affordable energy across the country.
Moon Togo is a pioneering solar energy company licensed under the Togolese government’s CIZO program, which facilitates the deployment of solar photovoltaic kits. The company operates a unique model that focuses on forming and hiring local members in each community, providing them with long-term employment contracts instead of relying on commission-based agents. With this investment, Moon aims to expand its operations significantly, increasing its reach from 20,000 to 60,000 connected households across 15 new prefectures, thereby enhancing clean energy access in Togo and setting a precedent for similar initiatives globally.
Rodrigo Madrazo Garcia de Lomana, CEO of EDFI Management Company, stated: “By supporting Moon’s expansion, we’re supporting the advancement of sustainable electrification in Togo and contributing to a model that could become a benchmark for similar initiatives globally. We believe this approach has the potential to transform lives and serve as a model for other undertakings.”
The investment will enable Moon to accelerate its deployment of solar home systems in rural areas of Togo. Moon’s innovative business model allows customers to pay for their solar kits through affordable monthly instalments. This approach makes clean energy accessible to low-income households and promotes financial inclusion through the use of mobile payments. Moon also manages the repair and collection of end-of-life products to facilitate recycling with a local Togolese partner. With a 15-year operating license and a strong partnership with the Togolese government, Moon is well-positioned to make a lasting impact on the country’s energy landscape.
Thomas Samuel, CEO of Moon, added: “Partnering with EDFI Management Company and being supported by ElectriFI proves our model and our capacity to join forces with major financing institutions. The investment will allow us to significantly expand our reach in Togo, bringing clean, reliable energy to tens of thousands more households. Our model ensures that we’re providing a service that builds lasting relationships within communities, which is key to long-term success and impact.”
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