Expected impact on people
479k consumers are expected to benefit. The largest impact will be felt by users that consume the most power.
SDG assessment
7.1 + 7.2 – Access to affordable and reliable renewable energy.
Debt to develop, construct and operate 30MW greenfield solar plant in Burkina Faso (LDC and FCAS).
479k consumers are expected to benefit. The largest impact will be felt by users that consume the most power.
SDG assessment
7.1 + 7.2 – Access to affordable and reliable renewable energy.
Avoid 36k tCO2e per year.
SDG assessment
13 – Climate change mitigation.
Large number of businesses are expected to benefit which will in turn create indirect jobs in the economy.
SDG assessment
8.5 – Achieve full and productive employment.
Challenge: Burkina Faso is highly reliant on fuel imports for electricity production which has led to expensive power for both the utility and consumers.
Channel: Demonstration one of the first utility scale solar IPPs in the country.
Outcome: Replication by other investors leading to more diversified energy mix and improved resilience of the sector.
Mobilised $9m from the private sector
As part of the due diligence process, 14 HSES enhancement opportunities were identified which are now reflected in the Project Environmental and Social Action Plan (ESAP).