GCF backs solar mini-grids for 100 villages in Burkina Faso

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email

The Green Climate Fund (GCF) is providing nearly half the funding necessary for a scheme to deploy solar mini-grids across 100 villages in Burkina Faso.

The €24.3 million funding will contribute to the €53.1 million programme, which aims to reduce the West African country's reliance on fossil fuels and alleviate what are some of the highest power tariffs in the region, is also focused on improving power access, given just 3% of Burkina Faso's rural areas are electrified.

The Yeleen Rural Electrification Project welcomes private sector participation and GCF's funding will provide capital grants to selected bidders for each successful electricity connection, support the construction of renewable energy infrastructure and back local financial institutions to provide loans. 

“The Yeleen Project has a strong potential for scalability and replicability within Burkina Faso and across many countries in sub-Saharan Africa,” said Pierre Telep, senior renewable energy specialist at GCF. “It represents a useful framework to encourage private sector-led rural electrification projects to increase electricity access and accelerate green energy investments.”

In July AfDB announced it was providing €18 million in funding for Burkina Faso's energy sector reform. French company Cegelec built a 33MW solar PV project in the country last year.

Read Next

PV Tech Premium
September 10, 2021
With inaccurate irradiation data potentially impacting profitability estimates of PV projects in Africa, calls have been made for solar players to invest in more accurate measurement tools and work together to support the commercial and industrial (C&I) sector’s growth.
August 5, 2021
Unreliable methods of calculating irradiation in Africa could slash energy savings for commercial and industrial (C&I) solar buyers and reduce investment returns for developers and investors, new research has suggested.
June 16, 2021
Berkeley Energy has raised €130 million in the first close of the Africa Renewable Energy Fund II
June 14, 2021
Mozambique-based coal operator Ncondezi Energy has announced a joint venture (JV) with South African-based NESA to target South Africa’s C&I solar and storage markets.
April 14, 2021
Independent energy trader BB Energy (BBE) has set its sights on Africa’s solar and storage market by acquiring Solarcentury’s Africa-facing division for an undisclosed sum.
February 26, 2021
Global energy giant EDF has bought a 23% stake in off-grid solar company Bboxx’s Kenyan business.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 19, 2021
BRISTOL, UK
Upcoming Webinars
November 10, 2021
8am (PST) | 5pm (CET)
Solar Media Events
December 1, 2021