The Senergy solar power plant project was initially developed by a local company, Senergy SUARL, having signed a 25-year Power Purchase Agreement (PPA) with SENELEC in June 2014. Meridiam and FONSIS then joined this local developer in the company in order to finalize the development of the project, structure and raise the necessary financing.
The project involves designing, building, maintaining and operating the solar power plant throughout the life of the PPA. Senergy PV SA was created by the three shareholders Senergy SUARL, Meridiam and FONSIS and was tasked to design, build and operate one of the largest solar project in West Africa with a capacity of 30 MWp in Santhiou Mekhe which is situated about 125 Km from Dakar. This solar power plant was completed and inaugurated in June 2017 by President Macky SALL and was operational by August 2017.
The project company also built a 9.5 km medium-voltage line to connect the solar power plant to the nearest power substation just north of Ngaye Mekhe, which is owned by SDE the Senegalese water company.
A state guarantee made it possible for Proparco to provide the needed financing to successfully conclude the construction of the project.
The photo on the left side is the overall diagram of the project to better explain the key players.
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