•  
  •  
  •  

to-the-point: EIB mulls loan for Gambia PV & storage project

Solar panels. Author: Frédéric BISSON. License: Creative Commons, Attribution 2.0 Generic.

July 10 (Renewables Now) - Gambia’s National Water and Electricity Company Ltd may get a loan of EUR 35 million (USD 40m) from the European Investment Bank (EIB) for a solar power-plus-storage and grid upgrade project in Gambia.

The loan was under appraisal as of July 7.

The EUR-85-million project envisages the installation and connection to the grid of a 10-MW solar photovoltaic (PV) power plant with some battery energy storage capacity. In addition, the plan includes the installation of a number of off-grid solar-plus-storage units for rural health clinics, secondary schools and food manufacturing and storage facilities, and grid reinforcement investments.

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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