Senegal plans 200MW solar via IFC ‘Scaling Solar’ programme

Flickr: Angel Hernansaez

The government of Senegal plans to develop 200MW of solar power as part of the World Bank Group’s initiative ‘Scaling Solar’, which aims to assist African countries in procuring renewable energy quickly and affordably power through private investment.

International Finance Corporation (IFC), a member of the World Bank Group, signed an agreement with the Senegal government to help it conduct due diligence and tender the solar project, and IFC, the World Bank and the Multilateral Investment Guarantee Agency are expected to support the bidding phase.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Just over half the population of Senegal currently has access to electricity, according to World Bank data.

Zambia was the first African country to sign up to the Scaling Solar programme in 2015, which has generated “significant market interest” according to an IFC statement. It led to major advances toward the first utility-scale solar plant in the country. Zambia’s Industrial Development Corporation (IDC) has announced that 48 companies sought to prequalify for their two initial 50MW solar projects under the Scaling Solar programme.

Scaling Solar provides advice, project documents, risk management products, finance and insurance to give small countries the purchasing power of larger markets and aims to attract leading private sector developers to new solar markets.

Vera Songwe, IFC director for West and Central Africa, said: “This innovative partnership with Senegal is important for creating a new market for solar power investment in the region. Scaling Solar is an excellent example of how World Bank Group expertise can help governments in the region meet their most pressing needs.”

PV Tech recently caught up with Mahama Kappiah, executive director of the Economic Community of West African States (ECOWAS) Regional Centre for Renewable Energy and Energy Efficiency (ECREEE) to discuss what potential solar has to revolutionise the energy sector in West Africa, a region that suffers from severe power deficits.

Read Next

May 21, 2024
The World Bank and Masdar have announced a US$159 million financing package to support a 250MW solar-plus-storage project in Uzbekistan.
May 7, 2024
Zambian developer GEI Power and Turkish energy technology firm YEO are planning a 60MWp/20MWh solar-plus-storage project in Zambia, expected online by September 2025.
January 8, 2024
Iberdrola says that of the agreed amount €170 million has already been committed to finance onshore wind projects in Poland.
September 28, 2023
UAE-based renewables developer AMEA Power has reached financial close on a 120MW solar PV project in Tunisia, the company’s first foray into the country.
September 26, 2023
In the last two weeks, new solar projects, or deals involving existing facilities, have been struck in Sweden, Senegal and Uruguay.
July 6, 2023
The Democratic Republic of Congo's energy company Nuru has secured US$40 million for the construction of 13.7 MWp.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
May 29, 2024
11am (EDT) / 5pm (CEST)
Solar Media Events
June 4, 2024
London, UK
Upcoming Webinars
June 11, 2024
3:00 PM (BST) / 4:00 PM (CEST)
Solar Media Events
July 2, 2024
Athens, Greece