Engie signs 25-year PPA for two solar PV projects in Senegal
Global energy and services company Engie has signed a 25-year power purchase agreement (PPA) with Senegalese off-taker Senelec for two solar PV projects in Senegal, Africa. In addition to Engie, its investment partner Meridiam consortium and Fonsis, as well as the Senegalese Sovereign Fund, are part of the deal. Developed by the Senegalese Government and the International Finance Corporation (IFC), construction and operation of the two projects will be managed and executed by Engie. "We have been able to capitalise on our experience of developing and operating renewable energy projects in Africa, in particular in Senegal. "In addition, the projects are part of the wider Scaling Solar initiative in Senegal to provide energy across the region.