How much does a solar power plant cost in Senegal?

The paired solar power plants cost $40.77 million, providing electricity to 540,000 people at under four cents per kWh – not only the cheapest energy in Senegal but among the most cost-effective across sub-Saharan Africa.

How can solar power plants benefit Senegal?

The project estimates that more than 400 jobs in the towns benefit from the existence of the new solar power plants in Senegal. Because Senegal mainly relies on imported oil for electricity, solar power plants offer a more reliable and sustainable green energy source that costs less.

How much solar power does Senegal have?

As it stands, Senegal has 112 MW of installed solar, however this figure is rising exponentially year on year as investment swings in favor of green energy development and policymakers under H.E. Macky Sall’s regime and others realize the benefits of the renewable source.

When will Kael & Kahone solar plants be available in Senegal?

Meanwhile, the Kael and Kahone solar plants came online in May 2021, developed by Engie and Meridiam following competitive tendering by Senegal’s Energy Regulatory Commission, financed by the International Finance Corporation, European Investment Bank, Proparco and Senegalese sovereign wealth fund, FONSIS.

How many jobs will the new solar power plants create in Senegal?

The addition of the solar power plants form part of the World Bank Group’s Scaling Solar program and are funded by the International Finance Corporation (IFC), European Investment Bank and Proparco. The project estimates that more than 400 jobs in the towns benefit from the existence of the new solar power plants in Senegal.

Can Senegal become an emerging economy by 2035?

Senegal’s government wants to become an emerging economy by 2035 and the energy sector is one of the major components of Senegal’s growth. Rural areas remain the most challenging areas to install power grids. However, with low incomes, rural people struggle to afford the high costs of electricity.