Engie and investment firm Meridiam were the winners of a tender for two solar PV projects totaling 60 MW in Senegal, seeing record low prices ranging between Euro cents 3.80-3.98/kWh. This was announced by Senegal’s Electricity Sector Regulatory Commission (CRSE).
The tender falls under the Scaling Solar program, which is supported by the World Bank. CRSE had received 14 bids from 8 of the 13 qualified bidders for both locations.
The awarded solar plant located in Kahone will have a tariff of Euro cents 3.80/kWh, while another plant located in Touba will have a tariff of Euro cents 3.98/kWh.
Scaling Solar said that the results were a “major breakthrough”, bringing prices down 60% from the previous lowest ever tariff in Senegal.
In a statement Scaling Solar said; “This demonstrates that Scaling Solar’s innovative approach to bring investors and governments together in a transparent, streamlined, and competitive process leads to successful deals that will provide clean, affordable energy for Africa.”