Port-au-Prince, 5 September 2022 – The Off Grid Electricity Fund (‘OGEF’ or ‘the Fund’), the renewable energy access fund for Haiti supported by the World Bank, announces it has provided a loan to Paon Blue as a first step in establishing a partnership supporting the growth of its solar lending portfolio outside of Port-au-Prince.

OGEF was launched by the Haitian Government in 2019 with the aim of providing electricity to 200,000 households and SMEs in Haiti within 10 years. Currently less than half Haitian households have access to electricity, which is often unreliable and in rural areas, electrification rates are as low as 2.2 per cent.