FONSIS, Meridiam and ENGIE to commission two 60 MW photovoltaic power plants

SENEGALSovereign Strategic Investment Fund (FONSIS), Meridiam and ENGIE have announced the commissioning of two photovoltaic power plants in Senegal with a total production capacity of 60 MW.

Kahone Solaire SA (35MW) and Kaél Solaire SA (25MW) are located respectively in the regions of Kaolack and Diourbel, in the centre of the country.

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

These are the first electricity generation projects by private operators to be tendered in Senegal. They will contribute directly to the country’s ambitious goal of increasing the share of renewable energy in its energy mix to 30%.

“After the Senergy and Ten Merina solar power plants, these projects are Meridiam’s third and fourth developments in Senegal. They illustrate how committed we are to supporting Senegal’s transition to cleaner, cheaper energy while creating economic opportunities for local communities,” Mathieu Peller, COO of Meridiam Africa, said.

“The Senegalese government has set a target of 30% renewable energy in the electricity mix by 2025.”

Philippe Miquel – CEO North Africa, ENGIE

With Senergy and the Ten Merina plants, ENGIE, Meridiam and FONSIS now own and manage four solar plants in Senegal with a total production capacity of 120 MW, representing more than 50% of the country’s solar capacity.

The Kahone and Kael solar power plants are expected to provide 540,000 people with cheap and renewable electricity, creating over 400 direct and indirect local jobs. The two plants will avoid 89,000 tonnes of CO2 emissions each year.

“The Senegalese government has set a target of 30% renewable energy in the electricity mix by 2025,” Philippe Miquel, CEO North Africa at ENGIE, said.

“We are pleased to be able to contribute, with the Kahone and Kael photovoltaic plants, to providing clean and sustainable energy to the population. We also welcome the excellent collaboration between the various parties involved.”

Engie is a French multinational electric utility company, headquartered in La Défense, Courbevoie, which operates in the fields of energy transition, electricity generation and distribution, natural gas, nuclear, renewable energy and petroleum.

FONSIS’ mission is to promote the role of the State of Senegal as an investor and partner of the private sector, with the aim to enhance direct investments in order to accelerate economic and social development through wealth and jobs creation for present and future generations.

Meridiam is a global investor and asset manager based in Paris specialized in developing, financing and managing long-term public infrastructure projects.

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