Universal Energy Facility opens for mini-grid projects in Sierra Leone and Madagascar

The Universal Energy Facility, a results-based financing facility managed by Sustainable Energy for All (SEforALL), is now open – with its first wave devoted to supporting mini-grid deployment in Sierra Leone and Madagascar.As of 21 October, companies seeking results-based finance for mini-grid projects in Sierra Leone and Madagascar can apply for pre-qualification to the facility. Under this wave, the Universal Energy Facility will disburse USD 3 million in grant payments to deliver over 6,900 electricity connections based on a results-based incentive of USD 433 per electricity connection.