Original disclosure @ EIB website
Updated in EWS Feb 26, 2019
Disclosed by Bank Jan 21, 2019
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The project consists of the construction and operation of two independent solar photovoltaic (PV) plants totaling up to 60MW under the World Bank Group's Scaling Solar program, located in Kahone and Touba, Senegal. The development of solar PV energy in Senegal supports EU and national targets for renewable energy generation and will contribute to the Bank's renewable energy and climate objectives. The project is fully in line with the strategic objectives set for the Bank's activities under the Cotonou Investment Facility since it will contribute to increase the energy supply and its affordability using sustainable solar energy resources. The project will contribute to EU renewable energy and environmental policies (particularly climate change policies) and several Sustainable Development Goals (SDGs), especially SDG 7, affordable and clean energy, and in particular subgoal 7.2 relating to increasing the share of renewable energy in the global energy mix. It will also contribute towards combatting climate change (SDG 13). The project directly supports the objectives of the Government of Senegal to achieve universal access to energy by 2025.
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