Engie tie-up inks 60 MW of solar PPAs in Senegal

Solar panels. Photo by Carl Attard from Pexels, CC0 License

November 15 (Renewables Now) - French utility Engie SA (EPA:ENGI) and its partners in 60 MW of solar projects in Senegal have signed power purchase agreements (PPAs) with local electricity company Senelec.

The partners, among which is investor and asset manager Meridiam, will be selling electricity from the two photovoltaic (PV) projects for 25 years, Engie said on Thursday. They secured the particular projects in April in a solar tender conducted under the World Bank Group's Scaling Solar programme.

Engie and Meridiam placed the winning bids of EUR 0.0380 (USD 0.431) per kWh for a PV project in Kahone, Kaolack region, and EUR 0.0398 per kWh for a project in Touba, Diourbel. The EUR 0.0380/kWh proposal was the lowest one in the tender.

According to the press release, Engie will be in charge of building and operating the solar farms. This will be the French firm’s first independent power producer (IPP) initiative in Senegal, which is working on the addition of 200 MW of utility-scale solar power projects under the World Bank programme.

(EUR 1.0 = USD 1.134)

More stories to explore
Share this story
About the author
Browse all articles from Veselina Petrova

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.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription