6,300 people
will gain access to reliable and affordable clean energy.
£2,000 invested
will mitigate 8 tonnes of carbon emissions from Kerosene powered generatorsSolar Power for off-grid homes in Benin
Investments in this bond offer will enable the construction of two Green Mini Grids (GMGs) in two villages in Benin - Kotokpa and Aglamidjodji - providing life-changing clean, reliable electricity to 1,100 households and small businesses in these rural off-grid communities. This bond will help 6,300 people in Benin to access clean, reliable and affordable solar power, improving living standards and economic progression for the villagers.
About OnePower Benin
Key product information
Issuer: Mionwa Generation SA (“OnePower Benin”)
Issuing Country: Benin
Investment target: £305,000
Minimum investment: £50
Maximum investment: No maximum
Maturity: 24 months or on payment of the RBF grant to OnePower Benin, whichever is sooner.
Expected interest rate: 8% per annum
Withholding tax rate: 15% (applicable to UK residents who do not invest within an IF ISA)
Interest payment frequency: Quarterly beginning 9 months after issue date
Capital repayment: 24 months or on payment of the RBF grant to OnePower Benin, whichever is sooner.
Financial instrument: Loan Note
Security: Secured. First ranking security over receivables, cash and inventory accounts. The primary security for bond is based on a Grant payable on successful electricity connection to the OnePower Benin electricity distribution network.
OnePower has secured a Results-Based Finance (RBF) grant for the project, which means they’ll receive an extra £462 for every home and business connected to the grid once it’s up and running. With plans to connect 1,100 users, this grant will help repay the Energise Africa Bonds, ensuring a sustainable financial model for the project.
Key risks
This is a bond issued by a single company (rather than a saving product) and therefore it is recommended that you are careful with the amount you invest.
You must read the offer document (provided below) where a statement of risks is presented, particularly in section 5 – Risk Analysis Overview
This page has been approved by Share In Ltd (“ShareIn”) (FRN 603332) on 07/04/2025 as a financial promotion for the purposes of Section 21 of the Financial Services and Markets Act 2000 (as amended). ShareIn’s approval of this page is limited to the communication of it by Lendahand Ethex Ltd (FRN 776908) as an appointed representative of ShareIn.
Documents
What the project investment will enable
Through investments in this offer, OnePower will address the critical need for electricity in rural Benin. Their mission is to improve energy access in rural villages in Benin through the construction of Green Mini Grids (GMGs), they will:
- Expand energy access to underserved rural areas through off-grid, solar-powered GMGs.
- Provide electricity to 1,100 households and businesses in the off-grid villages of Kotokpa and Aglamidjodji.
- Power 10 public lights, improving safety and accessibility in rural communities.
- Support economic growth in rural areas, improve education, and enhance healthcare by powering homes, businesses, schools, and clinics.
- Replace polluting diesel and kerosene with clean, renewable energy from solar power, creating cleaner air and taking positive climate action.
- Support women’s business ventures by providing reliable energy for entrepreneurship.
- Create pioneering renewable energy solutions that promote long-term environmental and economic sustainability.
OnePower Benin
OnePower is a mission-driven social enterprise with a proven track record of developing and operating Green Mini Grids (GMGs) across Africa. Focused on expanding clean energy access to underserved communities, the company has received support from global partners, including UK Aid’s Transforming Energy Access program, to scale its impact.
OnePower Benin, a subsidiary of OnePower Lesotho, develops, owns, and operates GMGs in rural Benin, where electricity access is just 17%. With over 17 years of experience and 15 GMGs plus a large solar farm in Lesotho, OnePower is already making an impact in Benin, having commissioned its first GMG and preparing to launch a second. Through sustainable off-grid energy solutions, OnePower is transforming rural economies, enhancing quality of life, and driving long-term development
Social and environmental impact
When planning these GMG projects, OnePower collaborated with a community committee in each of the two villages, Kotokpa and Aglamidjodj (consisting of three men, three women, and the village chief), to ensure that they have a clear picture of each village’s specific needs and to understand how clean power can be used productively. These learnings have been applied to the project plans to ensure the clean energy supplied by the GMGs will create maximum social and environmental benefits.
Social Impact
The Green Mini Grids (GMGs) will provide 1,100 homes with reliable electricity, both during the day and at night, thanks to the grid’s battery storage. The grids will boost economic empowerment, job creation, productivity, safety, and education, paving the way for a brighter future in Kotokpa and Aglamidjodji.
Safer streets
The grids will power 10 public lights, enhancing safety and enabling activities after dark in public spaces, streets, and schools
Better education
Reliable electricity will improve study conditions for students, extending time for learning and enhancing access to electricity in schools
Boosted economy
Local businesses will benefit from reliable power for essential services like grain milling, refrigeration for food and medicine and clean water.
Environmental Impact
The GMGs funded by this bond offer will generate solar power to replace kerosene as a fuel source, cutting carbon emissions and creating cleaner air for families. Using industry-recognised Global Off-Grid Lighting Association (GOGLA) impact metrics, OnePower has calculated the environmental impact of the two planned GMGs as:
3,508 tonnes
of CO2 saved over the lifetime of the GMGs
175 MwH
of clean, solar energy generated each year
8 tonnes
of CO2 saved for each £2,000 invested
Offer Documents
Offer Document OnePower (Log In to download)