Scaling Solar-tendered PV Plants Bring Clean Energy to More Than 500,000 in Senegal
The Kael and Kahone solar plants, the first financed and tendered under the Scaling Solar program in Senegal, became operational in May 2021.
The PV plants, located in Western Senegal, are sponsored by Engie, Meridiam, and the Senegalese Sovereign Wealth Fund for Strategic Investments (FONSIS). The competitive tendering process was led by Senegal’s Energy Regulatory Commission (CRSE). For more information, please read the press release here.
The Kael and kahone projects were implemented in partnership with the United States Agency for International Development (USAID)’s Power Africa, the Government of the Netherlands, The Rockefeller Foundation, and The Infrastructure Development Collaboration Partnership Fund (DevCo).
Kael and Kahone in numbers:
- 60: MWac total capacity of the plants.
- 3.98 and 3.80: tariffs in Euro cents per kilowatt hour for electricity produced by Kael andKahone, respectively, one of the lowest in Sub-Saharan Africa.
- 89,000: tons of CO2 emissions per year avoided thanks to the plants.
- 540,000: number of people who are expected to benefit from the project.
- 38: million Euro in financing from the International Finance Corporation (IFC), the Finland-IFC Blended Finance for Climate Program, the European Investment Bank, and French development finance institution Proparco. The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, issued 6.9 million Euro in guarantees to support the plants, providing protection against non-commercial risks for a duration of up to 15 years.