Climate Fund Managers (CFM) has entered into a Joint Development Agreement with Energy Resources Senegal (ERS) to develop a 30 MW Solar PV and 15MW/45MWh battery storage system in Niakhar, Senegal.
The Niakhar project will be Senegal’s first solar plant with a large battery storage system. Once developed, the project represents an opportunity of approximately US$40 million for Climate Investor One’s Construction Equity Fund, the main construction financing vehicle under the management of CFM.
The project promoter, ERS, is emerging in energy development in Senegal and Western Africa, with an objective to realize 500MW in various types of energy projects by 2025.
ERS and CFM will develop, construct, own and operate the hybrid power project, with CFM acting as E&S and technical advisor throughout the development process.
Country updates
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December 16, 2019
Lekela connects 158.7 MW Parc Eolien Taiba N’Diaye wind project to the grid
Lekela's 158.7 MWParc Eolien Taiba N’Diaye (PETN) is now connected to Senegal’s national electricity grid to provide power for the first time. Ten months after the start of construction,...
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September 27, 2019
Energy Summit in Senegal to bring together key investors and African power utilities to enhance the energy mix in West Africa
The 4th annual Regional Energy Summit: West Africa (RES: West) will arrive for the first time in Dakar, Senegal from 2-3 December 2019. In partnership with the Association of Power Utiliti...
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September 12, 2019
World Bank guarantees EUR6.9m loan for 60 MW solar project in Senegal
The Multilateral Investment Guarantee Agency (MIGA), part of the World Bank Group, has issued an EUR 6.9 million (US$7.6 million) guarantee for the development of the 60 MW solar projects in Senegal.&...
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August 26, 2019
4th annual Regional Energy Summit
The 4th annual Regional Energy Summit: West Africa (RES: West Africa) will arrive for the first time in Dakar, Senegal from 2-3 December 2019. RES: West Africa will bring together over 300 invest...
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August 08, 2019
Mainstream installs first turbine for 158 MW Taiba N’Diaye wind project
Mainstream Renewable Power has completed the construction of the first turbine in the 158 MW Taiba N’Diaye Wind Farm located in the semi-arid Sahel plain of Senegal. The wind facility...
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