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WeLight, a solar energy provider in Madagascar, has raised $20.5 million in funding from The European Investment Bank (EIB), Triodos Investment Management, and the EU’s Electrification Financing Initiative (EDFI). The Madagascar-based electricity access provider, which is the result of a collaboration between Axian Group, Sagemcom, and the Norwegian Investment Fund for Developing Countries (NORFUND), will also receive €9 million from its stakeholders. The investment will be used to fund a €28 million electrification project that will deploy solar mini-grids to power 120 settlements across the country.