25 MW PV Plant In Africa’s Benin

France & European Union Sign Financing Agreement About 40 billion CFA Franc ($72 million) For Benin’s First Large Solar Power Plant
07:47 PM (Beijing Time) - 14. December 2017
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At the French Embassy in Benin in early December, an agreement to support development of a 25 MW PV plant was signed between the Government of Benin, French Development Agency and the European Union (Photo Credit: Embassy of France In Cotonou)

Key Takeaways

  • Government of Benin planning to construct a 25 MW solar power plant
  • It will be co-financed by the French Development Agency (AFD) and the European Union with 32.8 billion CFA Franc ($59 million) and 6.6 billion CFA Franc ($11 million), respectively
  • Project location is in the municipality of Pobé and will help state utility SBEE strengthen its electricity network
  • It will be the first large solar power plant in Benin and one of the largest PV projects in West Africa

African country of Benin is set to host its first and one of West Africa’s largest solar power plants. A financing agreement was signed in early December for the 25 MW PV project, which is part of the Government Action Plan (GAP) that aims for a regular, secure and less expensive energy supply.

The project is co-financed by the French Development Agency (AFD) and the European Union, providing 32.8 billion CFA Franc ($59 million) and 6.6 billion CFA Franc ($11 million), respectively. Total expected project is 40 billion CFA Franc ($72 million).

A joint declaration was already signed by representatives of Benin, France and the European Union during COP 21. The 25 MW Defissol project follows a first major co-financing of €58 million ($68 million) between AFD, the European Union and the European Investment Bank (EIB) for the project to strengthen the electricity network of Benin Electric Power Company (SBEE).

The project will be located in the municipality of Pobé. It will help the country lower the cost of electricity for households, reduce GHG emissions by 23,000 tons of CO2 equivalent annually over 25 years and improve the finances of SBEE.

In June, the World Bank approved a $60 million scale-up facility credit from its International Development Association (IDA) to help Benin improve its energy services through the improvement of SBEE.

 

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani