EAIF COMMITS EUR11.5 MILLION TO WEST AFRICA''S FIRST
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed a EUR11.5m senior secured loan to develop the first project
The system will utilise reserve energy when there are deficits, bring power and grid assets online after failures, and supply electricity to the cities in the northern part of Senegal during power outages.
Combining photovoltaic solar with a storage system is a unique solution to meet the current and future needs of the grid. In order to complement and intensify our local impact, Walo Storage is committed to : Build three mini-solar power stations to supply the pumping stations dedicated to farmers.
Within 6 years, Senegal has added more than 345MW of clean power, accounting for nearly a quarter of its energy mix. This is a concrete example of the impact of policy implementation prioritising progress towards net-zero and accelerating energy access to above 70%, the 12th highest in Africa.
Millenium Challenge Corporation, a US government foreign aid agency, recommended the installation of at least 80MW battery storage, with Walo as one of the first in a series of projects.
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed a EUR11.5m senior secured loan to develop the first project
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