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©EIB Nearly 540,000 people in Senegal will get access to clean and affordable power following the launch of two solar photovoltaic (PV) plants, financed by IFC, the European Investment Bank and Proparco, under the World Bank Group’s Scaling Solar program. The two plants that launched operations last month are located in Kael and Kahone in Western Senegal and have a total capacity of 60MWac. They will provide energy at tariffs of 3.98 and 3.80 Euro cents per kilowatt hour, respectively – one of the lowest prices for electricity in Sub-Saharan Africa – and will help avoid 89,000 tons of CO2 emissions per year. The two plants are sponsored by Engie,Meridiam, and the Senegalese Sovereign Wealth Fund for Strategic Investments (FONSIS). The competitive tendering was led by Senegal’s Energy Regulatory Commission (CRSE).

United kingdomSouth koreaThe netherlandsGregory clementeMathieu pellerAmbroise fayolleWorld bank groupBlended finance for climate programSenegal energy regulatory commissionUnited states agency for international developmentWorld bank group scaling solarMultilateral investment guarantee agencyEuropean investment bank vice presidentInfrastructure development collaboration partnership fund devcoRockefeller foundationInfrastructure development group