The Green Climate Fund (GCF) will fund Burkina Faso’s solar mini-grid project. Around 11.4 MW of PV capacity will power 100 mini-grids in the African country over a 2-year period to reach 50,000 connections in 100 rural localities.
- Green Climate Fund (GCF) will fund Burkina Faso’s solar mini-grid project to benefit around 335,000 people
- Out of total project cost of €53.1 million ($60 million), GCF will provide €24.3 million ($27.5 million) to the Yeleen Rural Electrification Project
- The project aims to install solar powered mini-grids in 100 villages of rhe country
- GCF will also mobilize funds from the AfDB, European Union and private developers for rural energy markets in Sub-Saharan Africa
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The Yeleen Rural Electrification Project in Burkina Faso receives €24.3 million ($27.5 million) in funding from the Green Climate Fund (GCF). Total project cost is €53.1 million ($60 million). The project will provide clean energy to 100 villages through installation of solar powered mini-grids in rural areas of the African country, benefiting some 335,000 people.
GCF’s funding will be used to provide results-based capital grants to selected bidders for each successful electricity connection, support construction of renewable energy infrastructure and back local financial institutions provide loans for productive use.
It aims to mobilize funds from the African Development Bank (AfDB), the European Union (EU) and private developers to open untapped rural energy markets in Sub-Saharan Africa.
According to environmental and social management framework (ESMF) documents about the project from AfDB dated September 2018, the Yeleen project will lead to 100 mini-grids to be installed over a 2-year period with 11.4 MW of solar PV capacity powering the grids. The aim is to achieve 50,000 connections in 100 rural localities electrified including 500 productive use connections.
In Phase I, the program will be based on the Haut-Basins in south-west and Boucle de Mouhoun in the western region of the country. Following phases are planned to cover further provinces of the African country.
In July 2018, AfDB announced it will loan €18 million ($20.9 million) to Burkina Faso to finance its Energy Sector Reform Support Program (PARSE) to improve access to energy – with a focus on solar (see AfDB Loans €18mn To Burkina Faso).
As per a recent study by Infinergia Consulting, solar mini-grid projects are expected to grow from 2,700 in 2017 to 31,000 by 2023 in Africa and Asia. Africa’s share will be 51% (see 31,000 Solar Mini-Grid Projects For Asia & Africa).