Expected impact on people
490k 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 27MW greenfield solar plant in Burkina Faso (LDC and FCAS).
490k 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 38k 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 $13.6m from the private sector
TA provided three grants totalling $935k for key workstreams (legal, auditing, financial modelling) to enable the project to reach financial close.
HSES Due diligence identified 11 HSES recommendations which have been included in the Project Environmental and Social Action Plan (ESAP).