Sonabel secures EUR38.5 million fund for the 50 MW Sonabel solar PV project in Ouagadougou
The European Investment Bank has lent EUR38.5 million (US$46.53 million) financial and technical support to the solar power plant operated by national electricity authority Sonabel, in Ouagadougou, Burkina Faso, West Africa.
The EIB backing will help expand the capacity of the project from 37 MW today to 50 MW.
The EUR70.5 million (US$46.53 million)scheme will increase domestic electricity production to address the 10% annual increase in demand and reduce the need for imports. The electricity supply in Burkina Faso is currently restricted by the limited interconnector capacity used to import power from Cote d’Ivoire.
Country updates
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February 06, 2020
Urbasolar starts construction of 30 MW solar project in Pa
French renewable energy developer and a unit of Axpo Holding, Urbasolar, has commenced the construction of a 30 MW solar photovoltaic plant in the municipality of Pa in Balé province of Bu...
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June 13, 2018
MoU signed for US$1 billion renewable projects in West Africa
Multinational renewables developer Gigawatt Global Cooperatief has signed a Memorandum of Understanding with the Economic Community of West African States (ECOWAS) to invest US$1 billio...
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March 16, 2018
Total Eren and partner Africa Energy Management Platform (AEMP) have inaugurated the solar project
Total Eren and partner Africa Energy Management Platform (AEMP) have inaugurated the solar project. The event was attended by Burkina Faso president Roch Marc Christian Kabore
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January 10, 2018
Burkina Faso, Mali and Ghana Ministers of Energy to join TOTAL, CI-GNL, RLSF, APUA, ANARÉ and WAGPA at the Regional Energy Co-operation Summit in Côte d’Ivoire this January
With confirmed participation of H.E Honourable Malick Alhousseini, H.E Honourable Professor Alfa Oumar Dissa, Ghana’s Ministry of Energy, Autorité Nationale de Régulation du Secteu...
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November 29, 2017
BNP Paribas subsidiary provides financing for Essakane solar power plant
EREN Renewable Energy, the developer of the 15MWc solar plant which is to power the Essakane gold mine in Burkina Faso, announced last week that the project will be financed by the...
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