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Engie, Meridiam secure 60 MW of projects in Senegal solar tender

Solar park. Author: iamme ubeyou. License: CC0 1.0 Universal.

April 6 (Renewables Now) - French utility Engie SA (EPA:ENGI) and investor and asset manager Meridiam have been selected as winning bidders in a solar tender in Senegal, in which prices reached as low as EUR 0.038 (USD 0.046) per kWh.

A tie-up between the two French companies has secured two projects with a total capacity of 60 MW, Senegal’s Electricity Sector Regulatory Commission (CRSE) said on Thursday. The tender was conducted under the World Bank Group's Scaling Solar programme, which aims to make renewables in developing countries energy more accessible.

Engie and Meridiam placed the winning bids of EUR 0.0380 per kWh for a photovoltaic (PV) project in Kahone, Kaolack region, and EUR 0.0398 per kWh for a project in Touba, Diourbel.

The following table shows more details on the tariff proposals per kWh.

Amounts in EUR Kahore project Touba project
Engie/Meridiam 0.0380 0.0398
Nareva/Masdar 0.0389 0.0399
Access Infra Africa/Total Eren 0.0439 0.0439
Actis Energy 4/Mulilo Group 0.0450 0.0489
Scatec Solar 0.0460 0.0463
Acciona Energia 0.0579 --
Al Nowais/Aldwych Power -- 0.0516

Overall, the tender attracted 14 proposals from eight of the 13 qualified bidders to take part in the final bidding phase.

In its announcement, CRSE described the results from the tender as “another major breakthrough for the programme” as prices have dropped by 60% as compared to the previous lowest tariffs in the country. Under the World Bank initiative, the West African nation is working on the addition of 200 MW of utility-scale solar power projects.

(EUR 1.0 = USD 1.223)

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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