ENGIE, Meridiam, and FONSIS commission 60 MW capacity solar power projects

French multinational energy company ENGIE SA, global investment firm Meridiam, and Sovereign Fund for Strategic Investments (FONSIS)have made the announcementof commissioning of two photovoltaic projects of 60 MW generation capacity in Senegal.

The two projects, Kahone Solaire SA (35MW) and Kael Solaire SA (25MW), are located in Kaolack and Diourbel regions respectively. These are the first power generation projects by private operators to be tendered in Senegal. The project company managing the concession over a 25-year period is held by ENGIE (40%), Meridiam (40%), and FONSIS (20%). The two power plants are expected to supply electricity to 540,000 people and curb carbon dioxide emissions by 89,000 tonnes per year.

They are a part of the Scaling Solar initiative in Senegal which is jointly led by the Senegalese authorities and the International Finance Corporation (IFC). The initiative aims to promote investment in solar energy.

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