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SCALING SOLAR PV SENEGAL

Signature(s)

Amount
€ 12,500,000
Countries
Sector(s)
Senegal : € 12,500,000
Energy : € 12,500,000
Signature date(s)
18/07/2019 : € 5,660,000
18/07/2019 : € 6,840,000
Link to source

Summary sheet

Release date
21 January 2019
Status
Reference
Signed | 18/07/2019
20170458
Project name
Promoter - financial intermediary
SCALING SOLAR PV SENEGAL
ENGIE,MERIDIAM SAS,FONDS SOUVERAIN D'INVESTISSEMENTS STRATEGIQUES SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 12 million
EUR 47 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The project consists of the construction and operation of two independent solar photovoltaic (PV) plants totaling up to 60MW under the World Bank Group's Scaling Solar program, located in Kahone and Touba, Senegal.

The development of solar PV energy in Senegal supports EU and national targets for renewable energy generation and contributes to the Bank's renewable energy and climate objectives. The project is fully in line with the strategic objectives set for the Bank's activities under the Cotonou Investment Facility since it will contribute to increase the energy supply and its affordability using sustainable solar energy resources. The project will contribute to EU renewable energy and environmental policies (particularly climate change policies) and several Sustainable Development Goals (SDGs), especially SDG 7, affordable and clean energy, and in particular subgoal 7.2 relating to increasing the share of renewable energy in the global energy mix. It will also contribute towards combatting climate change (SDG 13). The project directly supports the objectives of the Government of Senegal to achieve universal access to energy by 2025.

Environmental aspects
Procurement

Compliance of the project, including the adequacy of the proposed mitigation measures, with the EIB's environmental and social standards and the principles of the relevant EU Directives will be verified during appraisal.

The EIB will assess the procurement aspects of the project to ensure alignment with the EIB's Guide to Procurement and that it is suitable for Bank financing.

Related projects
Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Impact Assessment (ESIA) - SCALING SOLAR PV SENEGAL - Etude d'Impact Environnemental et Social - Centrale Kahone
Publication Date
26 Feb 2019
Document language
Main Topic
Lending
Document Number
90224073
Document Focus
Environmental Information
Project Number
20170458
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - SCALING SOLAR PV SENEGAL - Etude d'Impact Environnemental et Social - Centrale Kael
Publication Date
26 Feb 2019
Document language
Main Topic
Lending
Document Number
90958792
Document Focus
Environmental Information
Project Number
20170458
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Data Sheet (ESDS) - SCALING SOLAR PV SENEGAL
Publication Date
18 May 2019
Document language
Main Topic
Lending
Document Number
91059808
Document Focus
Environmental Information
Project Number
20170458
Sector(s)
Countries
Publicly available
Download now

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General enquiries and comments

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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