Senergy II

Debt : November 2017

Senergy 2 consists of the design, construction, operation and maintenance of a 25 MW ground-mounted PV solar power plant.

Amount

€ 9,100,000.00

Type of investment

Debt

Development impacts

  • Local economic growth
  • Private sector consolidation/innovation
  • Access to basic services & goods
  • Fight against climate change and preservation of natural resources

Beneficiary locations

Sub-Saharan Africa: Senegal

Investment field

Infrastructure

Activity

Energy - Solar

Organisation

Senergy II

Domicile

Senegal

The Concession and the PPA were awarded to the project company after a transparent and fair bidding process in July 2013. The original developers sold their share in 2013 to project developer GreenWish Africa REN, who finalized the project development. After a construction period of 8 months, COD of 20MW has been achieved in December 2016 and made Senergy 2 the first operational solar IPP in Senegal and the largest solar power station in West Africa.

The project is located in Bokhol, 385km north-east of Dakar, close to the border with Mauritania. Senergy 2 has secured a 25 years land lease agreement for 50 ha. Power will continue to be evacuated by a 370 meters transmission line to the existing substation, which is connected to the grid

Development impacts

  • Local economic growth

    creation of 150 jobs during construction and 25 during operations; recruitment in surrounding villages

  • Private sector consolidation/innovation

    Low cost and sustainable energy

  • Access to basic services & goods

    Supply of stable and clean electricity for 180.000 people in a country where demand for electricity continues growing and exceeds supply

  • Fight against climate change and preservation of natural resources

    Reduction of the greenhouse effect through substitution of fuel based and imported electricity generation
    Estimated additional GHG avoidance of approx. 22.320 t CO2/yea

View more of our investments in this region

Fonds Cauris Croissance II

Investment Companies & Funds

Fonds Cauris Croissance II

  5,000,000.00

  Benin, Burkina Faso, Cameroon, Côte d'Ivoire, Ghana, Guinea, Mali, Niger, Senegal

  05/10/2010

  Equity

European Financing Partners S.A.

Investment Companies & Funds

European Financing Partners S.A.

  15,000,000.00

  India, Kenya, Nigeria, Senegal, Tanzania, Zambia

  22/12/2020

  Debt

The Currency Exchange Fund n.v.

Financial Institutions

The Currency Exchange Fund n.v.

  7,091,000.00

  Bangladesh, Cambodia, India, Indonesia, Myanmar, Nepal, Pakistan, Philippines, Sri Lanka, Vietnam, Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Algeria, Egypt, Iraq, Jordan, Lebanon, Morocco, Syria, Tunisia, Palestinian Territories, Benin, Burkina Faso, Burundi, Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia

  05/09/2007

  Equity

Africinvest Fund II LLC.

Investment Companies & Funds

Africinvest Fund II LLC.

  6,000,000.00

  Tunisia, Burkina Faso, Cameroon, Côte d'Ivoire, Ghana, Kenya, Nigeria, Senegal

  28/08/2008

  Equity

European Financing Partners S.A.

Investment Companies & Funds

European Financing Partners S.A.

  5,000,000.00

  India, Kenya, Nigeria, Senegal, Tanzania, Zambia

  08/12/2010

  Debt

Bank of Africa Group S.A.

Financial Institutions

Bank of Africa Group S.A.

  1,954,160.00

  Benin, Burkina Faso, Côte d'Ivoire, Democratic Republic of Congo, Ghana, Kenya, Madagascar, Mali, Niger, Rwanda, Senegal, Tanzania, Uganda

  30/03/2011

  Equity

Société de Distribution de Matériel Avicole

Enterprises

Société de Distribution de Matériel Avicole

  3,000,000.00

  Senegal

  03/04/2013

  Debt

Société de Cultures Légumières S.A.

Enterprises

Société de Cultures Légumières S.A.

  4,000,000.00

  Senegal

  31/10/2013

  Debt

Orabank Côte d'Ivoire

Financial Institutions

Orabank Côte d'Ivoire

  10,000,000.00

  Burkina Faso, Côte d'Ivoire, Guinea, Mali, Niger, Senegal

  09/02/2016

  Debt

Société de Cultures Légumières S.A.

Enterprises

Société de Cultures Légumières S.A.

  2,600,000.00

  Senegal

  02/11/2016

  Debt

European Financing Partners S.A.

Investment Companies & Funds

European Financing Partners S.A.

  6,000.00

  India, Kenya, Nigeria, Senegal, Tanzania, Zambia

  21/11/2003

  Equity

AgRIF Coöperatief U.A.

Investment Companies & Funds

AgRIF Coöperatief U.A.

  105,000.00

  Cambodia, India, Mongolia, Myanmar, Bolivia, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Burkina Faso, Côte d'Ivoire, Kenya, Senegal

  11/09/2018

  Subsidy

AgRIF Coöperatief U.A.

Investment Companies & Funds

AgRIF Coöperatief U.A.

  5,438,332.50

  Cambodia, India, Mongolia, Myanmar, Bolivia, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Burkina Faso, Côte d'Ivoire, Kenya, Senegal

  18/06/2015

  Equity

Enko Education

Enterprises

Enko Education

  850,000.00

  Burkina Faso, Cameroon, Côte d'Ivoire, Mali, Mozambique, Senegal, South Africa

  17/12/2020

  Debt

ACEP Group

Financial Institutions

ACEP Group

  30,900.00

  Burkina Faso, Cameroon, Madagascar, Niger, Senegal

  30/07/2018

  Subsidy

ACEP Group

Financial Institutions

ACEP Group

  4,100,000.00

  Burkina Faso, Cameroon, Madagascar, Niger, Senegal

  14/10/2019

  Equity

Africa Renewable Energy Fund

Investment Companies & Funds

Africa Renewable Energy Fund

  8,896,000.00

  Ghana, Kenya, Senegal, Uganda, Zambia

  30/10/2014

  Equity

Ten Merina Ndakhar

Infrastructure

Ten Merina Ndakhar

  16,000,000.00

  Senegal

  06/12/2016

  Debt

ACEP Group

Financial Institutions

ACEP group

  67,512.00

  Burkina Faso, Cameroon, Madagascar, Niger, Senegal

  23/07/2019

  Subsidy

Laiterie du Berger

Enterprises

Laiterie du Berger

  1,600,000.00

  Senegal

  18/07/2019

  Debt

Cofina Sénégal SA

Financial Institutions

Cofina Sénégal SA

  4,320.00

  Senegal

  28/01/2019

  Subsidy

Enko Education

Enterprises

Enko Education

  2,000,000.00

  Burkina Faso, Cameroon, Côte d'Ivoire, Mali, Mozambique, Senegal, South Africa

  20/09/2018

  Debt

Cofina Sénégal SA

Financial Institutions

Cofina Senegal

  3,000,000.00

  Senegal

  15/03/2019

  Debt

Cofina Sénégal SA

Financial Institutions

Cofina Sénégal

  3,000,000.00

  Senegal

  15/03/2019

  Debt

Laiterie du Berger

Enterprises

Laiterie du Berger

  1,200,000.00

  Senegal

  20/07/2017

  Debt