Project detail - Azimuth Group Corp.

Azimuth Group Corp.

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Who is our client

Azimuth Group Corp. (active under the brand name Easy Solar) is the leading provider of off-grid energy in Sierra Leone, and is currently expanding to Liberia. The company focuses on last mile distribution of smaller sized SHS’s and lanterns on a pay-as-you-go (PAYGO) basis. Customers pay off their system and associated devices through pay plans that vary in length. Easy Solar has established a robust distribution network and cash collection system in Sierra Leone.

Funding objective

The objective of the investment is to allow the company to continue its expansion both inside and outside Sierra Leone.

Why we fund this project

Easy Solar provides clean and green first time energy access to households in areas with unreliable or non-existent grid connection. Increased energy access contributes to productivity of households and economic growth (lighting and charging allows work and study beyond sunset), and helps power small businesses.

Environmental and social rationale

Easy Solar is an E&S category B project. Activities come with potential limited adverse risks associated with waste management and labour conditions. IFC PS applicable: 1,2,3. IFC PS not applicable as follows: 4. Community: not triggered as no specific community issues are associated with the business model 5. Land resettlement: not triggered as no land resettlement applicable 6. Biodiversity: not triggered as no effects on biodiversity are associated with the business model 7. Indigenous people: not triggered as no specific indigenous groups are affected by the business 8. Cultural heritage: not triggered as cultural heritage risks are not applicable

Region
Africa
Country
Sierra Leone
Sector
Energy
Signing date
8/24/2020
Total FMO financing
USD 1.49 MLN
Fund
Access to Energy Fund
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
B