Financing secured for 30 MW plant in Senegal


Africa is embracing solar in all its forms, from off-grid to utility-scale, but the key has always been to secure financing for the projects on the continent. Senegal is the most recent African nation to get a solar boost, with financing commitments from Meridiam for utility-scale solar in the country.

The most recent announcement is that the French private investment firm is committing an estimated EUR 43 million to finance a 30 MW solar plant in Senegal. To provide such funding, Meridiam has been given a EUR 34.5 million loan from Proparco and the Belgian financial institution for development BIO.

The 30 MW Ten Merina PV plant is in the Thiès region, East of Dakar, and it shall be constructed by Eiffage and Solairedirect, a subsidiary of ENGIE, which are also both French companies. It is the second utility-scale solar plant that Meridiam has financed in Senegal, after providing funding for the Senergy solar plant, which is expected to be operational in early 2017.

“Developed in line with Meridian’s goals in Africa, this project is once again highly representative of the considerable attention that we pay to the impact of infrastructure investments,” commented Meridiam Founder and CEO Thierry Déau. “We are producing electricity at a low price and reducing greenhouse gas emissions, all while ensuring that local populations see these economic benefits.”

Popular content

GreenWish is also constructing a 20 MW solar farm in Bokhol, Senegal, near the Mauritanian border. However, this project is being financially backed by Denham, rather than by Meridiam.

These utility scale projects are not the only solar installations making headlines in Senegal, as a number of off-grid PV projects are also being developed in more remote areas. Off-grid solar has been booming in Africa, as it offers affordable and reliable access to electricity for villages that had previously had little or no access to electricity.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact:


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.