FP105

BOAD Climate Finance Facility to Scale Up Solar Energy Investments in Francophone West Africa LDCs

BOAD Climate Finance Facility to Scale Up Solar Energy Investments in Francophone West Africa LDCs

The programme targets six Least Developed Countries in West Africa, characterised by one of the lowest access rates to modern energy services in the world, high cost of electricity, overreliance on fossil fuels and subsequent energy security challenges.

Based on Nationally Determined Contributions (NDCs) and country energy plans, the target countries plan to reach 1,192 MW of installed solar capacity by 2030. However, a significant mobilisation of the private sector at scale would be required to bridge this gap. The programme will help the selected countries to achieve their NDCs and address the barriers to solar investments. It will do this by using a blended finance approach to provide affordable long-term funding to solar projects and by providing tenor extension loans that will help de-risk projects, and crowd-in commercial and public banks in scaling up solar investments in the region. The programme is expected to quadruple the existing solar capacity by providing 215 MW solar energy access to 2.9 million people. It will also provide grant funding to build the capacity of local project developers to structure investments, particularly in terms of project preparation and management. In addition, technical assistance will be provided to build the capacity of BOAD in integrating climate change considerations into project cycle. Finally, the programme will enhance the regulatory framework by building capacity of public institutions in the energy sector.

The programme has an estimated lifespan of 20 years.

Total project value

 

Tonnes of emissions avoided

 

Theme

Mitigation

Result areas

Project timeline

Pipeline

30 Aug 2017 - 548 days

Concept note received

30 Aug 2017

Funding proposal received

21 Jul 2018

Cleared by GCF Secretariat

11 Dec 2018

Cleared by iTAP

01 Feb 2019

Approved

28 Feb 2019 - 364 days so far

Approved by GCF Board

28 Feb 2019

Legal opinion on AE's Internal Approval

24 Apr 2019

FAA executed

18 Oct 2019

Under implementation

Completed

01 Jun 2026

One region

  • Africa

Six countries

Three priority groups

  • Least Developed Countries
  • Small Island Developing States
  • African States
USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing

InstrumentAmount
LoanUSD 62,844,542
GrantUSD 4,410,143

Cofinancing

CofinancerInstrumentAmount
Co-FinancingLoanUSD 66,152,149
Co-FinancingGrantUSD 1,102,535

GCF Project Team

General media inquiries

GCF Communications
Phone +82 32 458 7751
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Request for information

GCF Information Disclosure
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Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6157
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155
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Accredited Entity

Banque Ouest Africaine de Développement (West African Development Bank)

Almamy Mbengue
Director of Environment and Climate Finance (DEFIC)
68, Av de La Liberation, BP 1172, Lome, Togo
Phone 228-99868660
Phone 228-22232524
ambengue@boad.org
Fatoumata Toure ep. Sangare
N/A
68, Av de La Liberation, BP 1172, Lome, Togo

National Designated Authority

Benin

Ministry of Living Environment and Sustainable Development

Martin Aïna
Director General, Division of Climate Change
01 BP 3502 - 01 BP 3621, Cotonou, Benin
Phone +229 96613936
marnickson@yahoo.fr
maina@gouv.bj
Théodore Domingo
01 BP 3502 - 01 BP 3621, Cotonou, Benin
Phone +229 97764297
stheodorecossi@yahoo.fr
Burkina Faso

Prime Ministry

Issaka Ouedraogo
Adviser to the Prime Minister/Environment Inspector
01 PO BOX 4223, Ouagadougou
Phone +226 70 00 87 69
Phone +226 76 64 95 66
isk.isk22@yahoo.fr
Guinea-Bissau

SECRETARIAT OF STATE OF THE ENVIRONMENT / GENERAL DIRECTION OF THE ENVIRONMENT

Viriato Cassamá
Avenida dos Combatentes da Liberdade da Pátria Palácio do Governo, Bissau, Guinée-Bissau, Bissau, Guinea-Bissau
Phone +245 578 4046
Phone +245 678 4046
cassamavilus@gmail.com
viriato.cassama@yahoo.com
Mali

The Environment and Sustainable Development Agency

Boureima Camara
Director General of the Environment and Sustainable Development Agency
Cite Administrative – Batiment No. 7 – BP: 1634, Bamako, Mali
Phone (+223) 66 80 57 56
bouricamara@gmail.com
Niger

National Council of the Environment for Sustainable Development (CNEDD)

Kamaye Maâzou
Executive Secretary
Cabinet du Premier Ministre, PL 17 Rue du Gouverneur Jules Brévié, BP 10193, Niamey, Niger, Niamey, Niger (the)
Phone +227 207 22 559
Phone +27 9698 7470
Phone +227 9022 1700
kmaazou@gmail.com
kamayemaazou@yahoo.fr
Togo

Directorate of Environment, Ministry of Environment

Esso-Sam Rassidou Agrignan
Economist Manager, in charge of financial services
BP: 4825 Lomé-Togo, Lome, Togo
Phone +228 2221 3321
Phone +228 9028 0426
ragrignan80@yahoo.fr
denv_togo@yahoo.fr