c.6,640 people
will gain access to reliable and affordable clean energy.
£2,000 invested
will mitigate 22 tonnes of carbon emissions from Kerosene powered generatorsSolar Power for off-grid homes in Benin
Investments in this bond offer will fund the construction of a further three Green Mini-Grids (GMGs) in the OnePower Minowa portfolio, providing clean, reliable electricity to more than 900 households, schools, healthcare facilities and small businesses in these rural communities. This bond will help 6,640 people in Benin to access clean, reliable and affordable solar power, improving living standards and economic progression for the villagers. Once completed, the three Green Mini Grids will generate 242MWh of clean power each year, saving 3,386 tonnes of CO₂ over the lifetime of the grids.About OnePower Benin
Key product information
Issuer: Mionwa Generation SA (“OnePower Benin”)
Issuing Country: Benin
Investment target: £310,000
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%
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/ Interest Bearing
Security: 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.
Key risks
You must read the offer document (provided below) where a statement of risks is presented, particularly in section 6 – Risk Analysis Overview
This page has been approved by Share In Ltd (“ShareIn”) (FRN 603332) on 13/03/2026 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
- Expand energy access to underserved rural areas through off-grid, solar-powered GMGs.
- Provide electricity to more than 900 households and businesses in off-grid, rural villages in Benin.
- 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, saving 3,386 tonnes of CO2 over the lifetime of the grids.
- 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 has secured a Results-Based Finance (RBF) grant for the project, which means they’ll receive an extra £438 for every home and business connected to the grid once it’s up and running. With plans to connect 900 users, this grant will help repay the Energise Africa Bonds, ensuring a sustainable financial model for the project.
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%. Already well developed in Lesotho, OnePower is making an impact in Benin with a portfolio of 10 mini-grids and a 20 MW on-grid plant, 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.
Investment from previous OnePower bond offers is visibly turning into infrastructure on the ground. Two mini-grid sites that will power the villages of Kotokpa and Aglamidjodji, which were financed through our first OnePower bond, are approaching completion. Poles are rising, generation equipment is on site, and communities are preparing for clean, reliable and affordable solar power. This is complex infrastructure delivery in rural environments, and it’s great to see it moving faster than planned.
Social and environmental impact
When planning these GMG projects, OnePower collaborated with the communities of the rural villages 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 three Green Mini Grids (GMGs) will provide more than 900 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 these villages.
Safer streets
The grids will improve 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 planned GMGs as:
3,386 tonnes
of CO2 saved over the lifetime of the GMGs
242 MWh
of clean, solar energy generated each year
22tonnes
of CO2 saved for each £2,000 invested
Offer Documents
OnePower Issue 3 (Log In to download)