Region and country of operations: Africa, Tanzania (Mobisol III)
Jurisdiction of registration: Germany
Business sector: Solar energy systems
|Date of agreement||Finnfund’s financing||Share of Finnfund’s financing||Size of project/financing|
Other dates of agreement: 2016, not disclosed
Environmental and social category: B
Mobisol combines solar energy with an affordable payment plan via mobile phone, comprehensive customer service and innovative remote monitoring technology. It offers low-income customers in developing nations quality solar home systems that are a clean alternative to unhealthy, environmentally harmful, and expensive fossil fuels.
Systems come in varying sizes from 40 to 200 Wp to match the various energy needs of differing households. Mobisol solar home systems provide enough electricity to power bright efficient LED lights, radios, mobile phones, TVs and a variety of further household and consumer appliances. The systems are powerful enough to run small businesses enabling entrepreneurial customers to create incremental income.
So far, Mobisol has installed over 100,000 solar home systems on households and businesses in East Africa, thus enabling more than 500,000 beneficiaries to access clean, affordable and reliable solar energy. This way, Mobisol is stimulating economic and social development in project countries while simultaneously contributing to global environmental protection.
Main development impact
Mobisol supports one of the priority areas of Finnish development policy: the company provides access to energy by electrifying households with renewable and affordable energy. By doing so it also contributes to climate change mitigation. Usually it also improves indoor air quality when expensive and polluting kerosene based lighting is replaced by lights powered by the solar energy system.
In 2018 Mobisol employed 700 persons of which 30% were female. Mobisol supports priority areas in two of the Finnish partner countries in Africa i.e. in Tanzania and Kenya in addition to which it operates also in Rwanda. Furthermore, Rwanda and Kenya are classified as fragile states.