Project detail - D.LIGHT DESIGN INC

D.LIGHT DESIGN INC

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Who is our client

d.light is the market leader in distributed solar power for the 2.3Bn people in the developing world without reliable electricity. D.light’s products are available in over 70 countries worldwide.

Funding objective

The aim of the project is to electrify 300 off-grid private clinics across rural Kenya. These off-grid clinics will gain access to electricity and their patients will gain access to higher levels of care enabled by this electricity access. Sales to these clinics will also provide much-needed revenue for the client that will allow them to reduce the risk of layoffs in these difficult times. The project will improve the quality of healthcare to an estimated 480,000 vulnerable citizens (an average 1600 people are covered per rural clinic as per World Resources Institute). d.light employees are secondary beneficiaries, as they would be assured job and income security thanks to the continuity of d.light operations.

Why we fund this project

The project focuses on solar energy (core business of d.light) for hospitals. It’s essential that hospitals have access to energy (in general) and even more so during this pandemic to be able to help their patients well. Large part of the hospitals are unelectrified or have poor energy access. Hospitals (especially rural) typically lack means to pay for d.light’s products, especially during this crisis. By supporting this project FMO has direct impact to help in the pandemic and through a clean energy solution which is core to FMO’s mandate.

More investments

Date Total FMO financing
7/30/2021 USD 1.47 MLN
7/30/2021 USD 0.61 MLN
Region
Africa
Country
Kenya
Sector
Energy
Signing date
8/6/2020
Total FMO financing
EUR 0.10 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)