French firm NEoT Offgrid Africa (NOA) closed an innovative securitisation in March that will help to equip more than 100,000 households in Côte d’Ivoire with solar power. The project breaks new ground in the rollout of solar energy in Africa and sets a precedent for innovative financing that can make a significant difference to people’s daily lives.
NOA's parent company, NEoT Capital, worked in Côte d’Ivoire with Zola Electricity Côte d’Ivoire (ZECI), a joint venture between EDF and Zola Electric launched in 2012 to help African households swap energy sources such as kerosene and diesel for clean solar systems. ZECI has more than a million daily users in several countries including Tanzania, Rwanda and Nigeria.
