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    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.
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