Solar projects worth $23 million in Togo and Guyana secured funding at the ninth assembly of the International Renewable Energy Agency (IRENA) assembly. The Abu Dhabi Development Fund (ADFD), which offers low interest loans, will lend up to half the costs of selected projects with IRENA carrying out due diligence.
In Togo, a $15 million loan was granted for the construction of a 30 MW PV plant that aims to bring power to an estimated 700,000 households and small businesses. Job creation for local women and greater access to clean drinking water are associated benefits of the project.
Togo’s electricity supply has improved of late through off-grid installations by firms such as London’s BBOXX, which has operated in the nation since 2017, supplying power to more than 26,000 people. The importance of the business to Togolese electrification was recognized by a visit from the nation’s president to the BBOXX’s U.K. headquarters. Read more