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Senegal

Senegal

West Africa's largest wind project overcomes latest hurdle

AFRICA: Senegal's first wind power plant, and the biggest by far in West Africa, is moving closer to reality at Taïba Ndiaye, on the coast 75 kilometers north-east of Dakar.

An artists rendering of the 125MW wind farm planned for Taïba Ndiaye
An artists rendering of the 125MW wind farm planned for Taïba Ndiaye

The 125MW project, being developed by French company Sarreole, has now received all the necessary permits. Sarreole hopes to have a long-term power purchase agreement with national utility Senelec in place by the summer.

In the meantime, it is negotiating a turbine supply agreement with Nordex for 50 2.5MW turbines and holding talks with various development banks with the help of Chapin International, a project finance and investment banking advisory company.

According to Chapin's Eric McCartney, it is envisaged that the estimated €230 million project cost will be financed by a combination of development bank financing and export credits, with 70% debt and 30% equity.

McCartney anticipates financial closure could take place in September. When completed, the plant will represent approximately 15% of Senegal's current generation capacity.

 

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