- The International Finance Corporation (IFC)and the government of Togo have agreed to jointly develop several solar projects with a combined capacity of 90 MW.
- The government of Togo has announced that it has signed a MOU with the IFC to develop solar projects with a combined capacity of 90MW under their Scaling Solar initiative.
- The projects are expected to be finalised within two years.
Scaling Solar is a “one stop shop” scheme, which supports privately financed grid-connected solar PV projects in the form of legal, regulatory and technical assistance. The initiative prepares and holds the tender for the projects, while supporting developers with pre-approved financing.
To date Togo has only implemented a number of small rural electrification projects. The JV with the IFC could mark the first large scale utility solar projects in that country.
Late last year, next generation utility company BBOXX partnered with UK’s integrated energy company EDF to develop and market solutions for access to off-grid electricity in Togo. The solution comes in the form of small solar home kits. Read more
More recently in March this year, it was announced that BBOXX customers in Togo will receive a subsidy to spend on solar energy. Dubbed the CIZO Cheque, households with solar home systems will be granted a monthly subsidy of 2,000 FCFA ($3.5) over a three-year period. Read more.
Togo currently has an installed capacity of 230 MW made up of 164MW geothermal and 66MW of hydro power. The small country has a population of just under 8 million. Only 35% of the population have access to electricity.
Link to Togo energy sector fact sheet here
Author: Bryan Groenendaal
