Under Construction
Country Sector Sovereign / Non-Sovereign Title Commitment in UA Status Signature Date
Multinational Power Sovereign Multinational - Nigeria-Niger-Benin-Burkina Faso Power Interconnection Project 36,500,000 Implementation
Djibouti Power Sovereign Djibouti – Geothermal Exploration Project in the Lake Assal Region 10,740,000 Implementation
Multinational Power Sovereign Multinational - Projet d’interconnexion électrique Cameroun- Tchad (composante Tchad) 27,500,000 Implementation
Madagascar Power Sovereign Madagascar - Etude de faisabilité du projet de renforcement et d'interconnexion des réseaux de transport d'énergie électrique 1,000,000 Implementation
Multinational Power Sovereign Multinational - 225KV Guinea-Mali Electricity Interconnection Project 30,000,000 Implementation
Multinational Power Sovereign Multinational - 225KV Guinea-Mali Electricity Interconnection Project 30,000,000 Implementation
Mali Power Sovereign Mali - Mini Hydropower Plants and Related Distribution Networks Development Project (PDM-Hydro) 20,000,000 Implementation

NEWS

EIB finance for Burkina Faso solar plant

CategoryStories
CountryBurkina Faso
TagsEnergy Access, Finance and Investment, Renewable Energy

EU lender the European Investment Bank (EIB) has announced plans to finance the expansion of a grid scale solar plant in Burkina Faso and to deepen renewable energy work with the Croatian government.

The EIB will provide a €38.5 million long-term loan towards the cost of a €70.5 million project to expand the generation capacity of the first solar plant installed by Burkina Faso's national electric utility, from its current 37 MW to 50 MW. The solar farm was built by Société Nationale d'électricité du Burkina Faso (Sonabel).

Burkina Faso depends in part on power imports from southwestern neighbor Côte d'Ivoire.

The EIB also announced the signing of a memorandum to work more closely with Croatia's Ministry of Economy and Sustainable Development on matters including clean energy generation and transmission infrastructure, green mobility and moving to a circular economy.

The latest developments come after the EU lender on Monday said it had signed a €100 million R&D finance agreement with Spanish electric company Iberdrola which will help drive innovation related to solar power plants, e-mobility and green hydrogen.