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

February 26, 2021
Global energy giant EDF has bought a 23% stake in off-grid solar company Bboxx’s Kenyan business.
February 1, 2021
Hydropower plants across Africa could double their capacity if just 1% of their reservoirs are used to install floating solar projects, new research suggests.
January 14, 2021
West African off-grid solar electricity supplier raises US$38 million to expand its operations in in Nigeria, Ghana, Côte d’Ivoire, Senegal and Togo.
January 12, 2021
The amount of non-hydro renewables such as solar in Africa is likely to remain below 10% in 2030, although there are significant regional differences.
October 14, 2020
Risen Energy has landed a 1.5GW bifacial module supply deal with an unnamed, yet “well-known” independent power producer.
September 11, 2020
A round-up of the latest solar industry news from around the world, as Aquila picks up its first solar projects in Portugal, one of Europe’s hottest solar markets, and Dehui lays claim to being Vietnam’s first module manufacturer to produce next-generation panels.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 13, 2021
Solar Media Events
April 20, 2021
Upcoming Webinars
April 28, 2021
4:00 - 4:30 PM CET