IFC to aid fund 50 MW of PV in Niger under Scaling Solar

• The International Finance Corp (IFC) will certainly companion with the federal government of Niger to back the construction of up to 50 MW of grid-connected solar parks in the landlocked West African nation.

IFC, a participant of the World Bank Group, claimed in a statement on Monday that the project will be financed under the Scaling Solar programme, which supports grid-tied solar photovoltaic (PV) power in emerging markets.

The proposed capacity amounts to about 20% of the country's existing installed PV capacity. It will create electrical energy for residences, institutions, services and also hospitals and contribute to improving the reduced access to electrical energy.

The partnership in between the IFC and also its sister organisations as well as the federal government of Niger and domestic utility Societe Nigerienne d'Electricite (NIGELEC) will look for to draw in private sector partners to establish, tender as well as finance utility-scale solar projects, the IFC claimed.

"Niger intends to increase its installed power ability to support its economic growth and enhance access to electrical energy for its population. To achieve this goal, making use of solar energy will certainly be important," stated Mahamane Sani Mahamadou, Niger's minister of oil, energy and renewable energy.

The African nation has actually set an objective of sourcing 30% of its overall power from sustainable resources by 2035.