ABN - Mali will construct a 33MW solar photovoltaic (PV) power plant, after the African Development Bank (AfDB) board of directors approved a senior concessional loan of US$25 million for the project.
The Segou Solar PV project will be the first utility-scale solar plant to operate in the West African country, and will generate 52.7 GWh of renewable energy every year.
Funding for the project will be provided by the Program for Scaling Up Renewable Energy in Low Income Countries (SREP) of the Climate Investment Funds (CIF), along with the AfDB and International Finance Corporation.
Anthony Nyong, AfDB's director of climate change and green growth said: “Introducing utility-scale solar PV as an energy source will enable Mali to harness its abundant solar energy potential, diversify the country's energy mix, and increase access to cleaner energy for its citizens.
“The project's specific business model is a potential energy game-changer for Mali and indeed for all of West Africa.”
The power plant will have a life cycle of 25 years, producing 1,316.75 GWh of solar energy in that period.