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

  • Status Under implementation
  • Date approved 28 Feb 2019 at B.22
  • Est. completion 09 Apr 2027
  • ESS Category Intermediation 2

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 - 407 days

Approved by GCF Board

28 Feb 2019

Legal opinion on AE's Internal Approval

24 Apr 2019

FAA executed

18 Oct 2019

Under implementation

09 Apr 2020 - 1,530 days so far

FAA effective

09 Apr 2020

Disbursement - USD 2,166,847

10 Oct 2022

To be completed

09 Apr 2027 - 1,027 days to go

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 financing3% disbursed

InstrumentAmount
LoanUSD 61,755,146
GrantUSD 4,333,694
Total GCF Financing
USD 66,088,840

Co-financing

Co-financerInstrumentAmount
Co-FinancingLoanUSD 65,005,417
Co-FinancingGrantUSD 1,083,423
Total Co-Financing
USD 66,088,840

GCF Contacts

General media inquiries

GCF Communications
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GCF Information Disclosure
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Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6186 (KST)
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6714 (KST)
Send e-mail

Accredited Entity

Banque Ouest Africaine de Développement (West African Development Bank)
Mr. Moubarak Moukaila
Primary

Head of the Department of Environment and Climate Finance
Phone (228) 90 72 24 72
mmoukaila@boad.org
Mr. Ibrahim Traore
Secondary

Head of Climate Project Development
Phone (228) 22 23 26 92
itraore@boad.org
More contacts

National Designated Authority

Benin
Ministry of Living Environment and Sustainable Development
Mr. Martin Aïna Primary
Director General, Division of Climate Change
01 BP 3502 - 01 BP 3621, Cotonou, Benin
Phone +229 96613936
maina@gouv.bj
marnickson@yahoo.fr
Mr. Théodore Domingo Secondary
01 BP 3502 - 01 BP 3621, Cotonou, Benin
Phone +229 97764297
stheodorecossi@yahoo.fr
Burkina Faso
Prime Ministry
Mr. Nebyida Lamech KABORE Primary
Policy Officer
Phone +22676 51 50 80
Phone +226 78 29 27 26
nebyidal@yahoo.fr
nebalamech@gmail.com
Mr. Basile OUEDRAOGO Secondary
Policy Officer
Phone +226 78 16 48 58
Phone +226 67 29 24 54
basileouedraogo3@yahoo.fr
Guinea-Bissau
Ministry of the Environment, Biodiversity and Climate Action
Ms. Akssana Mota Primary
Senior Technician
Palacio do Governo, Avenida dos Combatentes da Liberdade da Patria, Bissau, Guinea-Bissau
Mali
The Environment and Sustainable Development Agency
Mr. Zantigui KONE Primary
Director General
Phone +223 78 81 08 88
zantiguibkone@yahoo.fr
Mr. Amidou GOÏTA Secondary
Head of department financial resources mobilization
Cite Administrative – Batiment No. 7 – BP: 1634, Bamako, Mali
Phone +223 71768531/66883648
amidougoita@gmail.com
Niger (the)
National Council of the Environment for Sustainable Development (CNEDD)
Dr. Kamaye Maâzou Primary
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
kamayemaazou@yahoo.fr
kmaazou@gmail.com
Togo
Directorate of Environment, Ministry of Environment
Ms. Méry YAOU Primary
Director of Environment
240 rue des Nîmes Lomé - Togo -, Lomé, Togo
Phone (+228) 22 21 51 97/90148744
Phone (+228) 90148744
ymery69@yahoo.fr
fondverttogo@grnail.com
Mr. Komi Sossou SOSSOU Secondary
Environmentalist, head of planning unit
240 rue des Nîmes Lomé - Togo, Lomé, Togo