Supporting Better Access to Renewable Electricity In Senegal
As part of the Scaling Solar Initiative, Meridiam invested in Kahone solar plant (35 MW) which is located in the Diourbel region of Senegal. The project will provide nearly 335,000 people with better access to renewable and cheaper electricity.
The group holds a 40% shareholding in the project company which will manage the concession over a 25-year period.
This project will avoid the emission of 39,000 tonnes of CO2per year. And the tariff sets a record in Sub-Saharan Africa, being below 4 Euro cents/kWh. It will also create or support more than 1,200 direct and indirect local jobs. This project directly contributes to the United Nations Sustainable Development Goals and especially Goal #9 (build resilient infrastructure, promote inclusive and sustainable industrialization), Goal #7 (provide affordable and clean energy), and Goal#13 (strive for climate action).