Why did FMO sign a flagship project in Senegal?

Huib-Jan De Ruijter, Co-Chief Investment Officer at FMO said: “ Through the signing of this flagship project, FMO is delighted to mark its continued commitment to Senegal’s vision for a sustainable energy sector.

How will the energy system work in Senegal?

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.

Why should you choose motive energy?

Increase profits. At Motive Energy, reducing energy costs and boosting profits for our customers are fundamental to our services. By implementing advanced energy solutions, from efficient solar arrays to sophisticated battery storage systems, we ensure significant savings on energy expenses, directly enhancing our clients’ bottom lines.

How will eaif support Senegal's Clean Power Project?

EAIF acted as co-lender alongside the Dutch development bank FMO, to support the development of the €42m landmark project. A Euro equivalent US$1.5m capital grant extended by PIDG Technical Assistance will ensure the project is designed to maximise supply of clean power to Senegal’s grid, whilst remaining economically viable.

How much energy has Senegal added in 6 years?

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.