Private Infrastructure Development Group recently made a non-binding commitment in Brussels to a provide funds for a project that aims to bring 10 GW of solar to Africa’s Sahel region.
GreenYellow, a French energy solutions provider, has secured a €4.5 million guarantee from the Multilateral Investment Guarantee Agency to facilitate the construction, operation and maintenance of a 30 MWp solar project in Burkina Faso.
The Green Climate Fund has announced it will provide US$150 million in funding to the Desert to Power initiative – a project led by the African Development Bank and spanning several countries that aims to build 10 GW of PV generation capacity in various projects across the Sahel region to the south of the Sahara Desert.
The PAYG solar start-up, which is a darling of impact investors, has formed a joint venture with French cotton farming giant Geocoton to establish a foothold in Burkina Faso and says it is aiming to offer its solar home systems to 2 million customers.
The funds will be used to implement the country’s Large Scale Solar and Rural Electrification Project. They will also support the government in outlining an upcoming tender for 325 MW of solar coupled with 335 MWh of storage capacity.
The Nagréongo power station is located about 30km northeast of Ouagadougou and scheduled for commissioning at the end of 2021.
The monocrystalline facility, planned near the town of Pâ by Swiss-owned developer Urbasolar following a tender, will help the government towards its target of reaching 200 MW of solar capacity this year.
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