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Home > News Articles > Chad''s First Solar-Plus-Storage Project Attracts New LendersImage: Jcomp via FreepikThe African Development Bank (AfDB), together with the Emerging Africa Infrastructure Fund (EAIF), and private sector development institution, Proparco, announced that they will be the senior lenders for the 34 MW Djermaya Solar Project in Chad– committing $20.3 million, $10.5 million, and another $10.5 million, respectively.The Djermaya Solar Project, Chad’s first solar-plus storage system, will have a total capacity of 60 MWp and will include a 4 MWh battery system. The project was developed by private infrastructure development group, InfraCo Africa, through diversified power company, Anergi Africa Developments and its partner Smart Energies, an independent power producer. Global energy investment firm Denhall Capital, entered the project as a long-term investor through renewable energy developer, Neo Themis.InfraCo Africa Business Development Manager, Fatou Gaye, stated, "InfraCo Africa is delighted to welcome the African Development Bank, Proparco, and our sister PIDG (Private Infrastructure Development Group) company, EAIF, as lenders to the Djemaya Solar Project. We are also pleased to be working with Denham Capital and the Neo Thermis team to progress the project through to construction and operations in the coming months."Kevin Kariuki, AfDB Vice President for Power, Energy and Climate Change noted the project''s potential to catalyze the north-African country''s energy transition, "First solar power in Chad, first electricity storage infrastructure, it is also the first public-private partnership in the form of an Independent Power Producer in the country. This model could be replicated in other Sahelian countries under the Desert to Power Initiative in order to attract investments and accelerate the transition to clean energy."Located 30km north of Chad''s capital, N''Djamena, the project will include an 18km transmission line. The first phase of the project will have a generation capacity of 34 MW and the second phase, 28 MW. According to the AfDB, the solar plant will generate enough energy to supply over 25,000 people with electricity, while mitigating carbon emissions by approximately 38,000 tons per year."The Djermaya project is particularly significant because it is pioneering renewable energy and battery storage in Chad. Its key strategic function is to help Chad unlock the country''s economic potential and to fly the flag for more green energy projects in the country." Investment Director, Paromita Chatterjee, noted.The Government of Chad has expressed its commitment to the project, with the project company, Djermaya CDEN Energy having signed a 20-year power purchase agreement with Chad''s national utility company, the Société Nationale d''Electricité.Construction work for the project is currently envisaged for early-2022, with supply of electricity to Chad''s national grid expected by 2023.The MSGBC Oil, Gas & Power conference remains the only event entirely dedicated to exploring energy opportunities in Mauritania, Senegal, The Gambia, Guinea-Bissau and Guinea-Conakry.Delegates are able to access high-level insights from African policymakers and government officials, one-to-one investor matchmaking services and exclusive oil and gas market forecasts. Amid first LNG exports and revitalized oil production, the Republic of Congo will host the inaugural forum on March 25-26, 2025, hosted by the Ministry of Hydrocarbons. The development entity driving the first stage of a planned 60 MW solar plant has announced a doubling in the amount of borrowing secured for a project which was supposed to be operational in 2018.The International Renewable Energy Agency estimated Chad had no grid connected solar capacity a year ago.Graphic created by Max Hall, using content from freevectormaps , for pv magazineA fresh injection of debt from two organizations backed by five European governments has brought forward the long-delayed Djermaya solar-plus-storage project in Chad.London-based development body InfraCo Africa – which is funded by the governments of the U.K., the Netherlands, and Switzerland – on Friday revealed a deal had been signed in Paris last month to more than double the amount of borrowing secured for the planned 34 MW solar project 30km north of Chadian capital N''Djamena, which will also include 4 MWh of battery storage.With the African Development Bank (AfDB) having already committed €18 million for a project which, as pv magazine reported in October 2019, had originally been supposed to be fully financed in 2017, and operational in 2018, a further €18.6 million of borrowings was confirmed ten days ago.Proparco, the private-sector arm of French development body the Agence Française de Développement, will lend €9.3 million to the project, InfraCo said, and that loan was matched by the Emerging Africa Infrastructure Fund, which is financed by the governments of the U.K., the Netherlands, Switzerland and Sweden, and which borrows capital from public and private sources to on-lend to projects.InfraCo said Boston-based energy private equity investor Denham Capital has also come on board as a “long-term investor,” via Casablanca-based, sub-Saharan Africa focused renewables developer Neo Themis. InfraCo did not specify Denham''s financial commitment but Fatou Gaye, InfraCo''s business development manager for the Chadian project, quoted in Friday''s press release, said Denham and Neo Themis will “progress the project through to construction and operations in the coming months."With pv magazine having previously reported the first phase of Djermaya would have a generation capacity of 32 MW, rather than 34 MW, and that the project would be sited in N''Djamena, rather than 30km north, InfraCo on Friday confirmed the first generation and storage capacity at the site would be part of a two-phase project which would eventually boast 60 MW of solar capacity.The terms of the power purchase agreement (PPA) signed by Chadian national utility Société Nationale d''Electricité also appear to have changed. pv magazine in 2019 reported the power company had agreed to purchase the power generated by Djermaya for 25 years but InfraCo on Friday referred to a 20-year contract.InfraCo said it had developed the solar-plus-storage project via the Anergi Group African power company owned by the AfDB''s Pan-African Infrastructure Development Fund, which is managed by South African infrastructure developer Harith General Partners. London-based InfraCo also named French energy company Smart Energies as its development partner.By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.Further information on data privacy can be found in our Data Protection Policy.The Djermaya Solar project has been developed by InfraCo Africa, via Anergi Africa Developments Ltd (AADL), with its partner Smart Energies. Denham Capital recently joined the project via Neo Themis as a majority long-term investor.The Djermaya Solar project involves the design, financing, construction and operation of a 34 MWc photovoltaic solar power plant, 18 km of interconnection infrastructure and a 4 MWh battery system. It is the first solar power plant in Chad, the first electricity storage infrastructure, and also the first public-private partnership (PPP) in the form of an independent power producer (IPP) in the country.The project should reduce emissions by 45 ktCO2e a year, improve access to electricity for over 430,000 beneficiaries, contribute to a more resilient economy by generating 63.9 GWh of solar electricity locally every year on average, and support 20,600 indirect jobs over the next 5 years.The content of this project information sheet falls under the sole responsibility of the Proparco and does not necessarily reflect the opinions of the European Union. About First solar chad As the photovoltaic (PV) industry continues to evolve, advancements in First solar chad have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity. When you're looking for the latest and most efficient First solar chad for your PV project, our website offers a comprehensive selection of cutting-edge products designed to meet your specific requirements. Whether you're a renewable energy developer, utility company, or commercial enterprise looking to reduce your carbon footprint, we have the solutions to help you harness the full potential of solar energy. By interacting with our online customer service, you'll gain a deep understanding of the various First solar chad featured in our extensive catalog, such as high-efficiency storage batteries and intelligent energy management systems, and how they work together to provide a stable and reliable power supply for your PV projects. First solar chad [PDF Free Download] Chat with us Related Contents Chad solar energy for the environment First solar chad Iraq solar thermal energy Finland off-grid solar Manufacturing of perovskite solar cells Fabrication of perovskite solar cell Bridgetown off-grid solar Utility-scale solar malta Solar energy storage canberra Solar water heater price list Silfab solar panels price Portable power station with solar panel
Home > News Articles > Chad''s First Solar-Plus-Storage Project Attracts New Lenders
Image: Jcomp via Freepik
The African Development Bank (AfDB), together with the Emerging Africa Infrastructure Fund (EAIF), and private sector development institution, Proparco, announced that they will be the senior lenders for the 34 MW Djermaya Solar Project in Chad– committing $20.3 million, $10.5 million, and another $10.5 million, respectively.
The Djermaya Solar Project, Chad’s first solar-plus storage system, will have a total capacity of 60 MWp and will include a 4 MWh battery system. The project was developed by private infrastructure development group, InfraCo Africa, through diversified power company, Anergi Africa Developments and its partner Smart Energies, an independent power producer. Global energy investment firm Denhall Capital, entered the project as a long-term investor through renewable energy developer, Neo Themis.
InfraCo Africa Business Development Manager, Fatou Gaye, stated, "InfraCo Africa is delighted to welcome the African Development Bank, Proparco, and our sister PIDG (Private Infrastructure Development Group) company, EAIF, as lenders to the Djemaya Solar Project. We are also pleased to be working with Denham Capital and the Neo Thermis team to progress the project through to construction and operations in the coming months."
Kevin Kariuki, AfDB Vice President for Power, Energy and Climate Change noted the project''s potential to catalyze the north-African country''s energy transition, "First solar power in Chad, first electricity storage infrastructure, it is also the first public-private partnership in the form of an Independent Power Producer in the country. This model could be replicated in other Sahelian countries under the Desert to Power Initiative in order to attract investments and accelerate the transition to clean energy."
Located 30km north of Chad''s capital, N''Djamena, the project will include an 18km transmission line. The first phase of the project will have a generation capacity of 34 MW and the second phase, 28 MW. According to the AfDB, the solar plant will generate enough energy to supply over 25,000 people with electricity, while mitigating carbon emissions by approximately 38,000 tons per year.
"The Djermaya project is particularly significant because it is pioneering renewable energy and battery storage in Chad. Its key strategic function is to help Chad unlock the country''s economic potential and to fly the flag for more green energy projects in the country." Investment Director, Paromita Chatterjee, noted.
The Government of Chad has expressed its commitment to the project, with the project company, Djermaya CDEN Energy having signed a 20-year power purchase agreement with Chad''s national utility company, the Société Nationale d''Electricité.
Construction work for the project is currently envisaged for early-2022, with supply of electricity to Chad''s national grid expected by 2023.
The MSGBC Oil, Gas & Power conference remains the only event entirely dedicated to exploring energy opportunities in Mauritania, Senegal, The Gambia, Guinea-Bissau and Guinea-Conakry.
Delegates are able to access high-level insights from African policymakers and government officials, one-to-one investor matchmaking services and exclusive oil and gas market forecasts.
Amid first LNG exports and revitalized oil production, the Republic of Congo will host the inaugural forum on March 25-26, 2025, hosted by the Ministry of Hydrocarbons.
The development entity driving the first stage of a planned 60 MW solar plant has announced a doubling in the amount of borrowing secured for a project which was supposed to be operational in 2018.
The International Renewable Energy Agency estimated Chad had no grid connected solar capacity a year ago.
Graphic created by Max Hall, using content from freevectormaps , for pv magazine
A fresh injection of debt from two organizations backed by five European governments has brought forward the long-delayed Djermaya solar-plus-storage project in Chad.
London-based development body InfraCo Africa – which is funded by the governments of the U.K., the Netherlands, and Switzerland – on Friday revealed a deal had been signed in Paris last month to more than double the amount of borrowing secured for the planned 34 MW solar project 30km north of Chadian capital N''Djamena, which will also include 4 MWh of battery storage.
With the African Development Bank (AfDB) having already committed €18 million for a project which, as pv magazine reported in October 2019, had originally been supposed to be fully financed in 2017, and operational in 2018, a further €18.6 million of borrowings was confirmed ten days ago.
Proparco, the private-sector arm of French development body the Agence Française de Développement, will lend €9.3 million to the project, InfraCo said, and that loan was matched by the Emerging Africa Infrastructure Fund, which is financed by the governments of the U.K., the Netherlands, Switzerland and Sweden, and which borrows capital from public and private sources to on-lend to projects.
InfraCo said Boston-based energy private equity investor Denham Capital has also come on board as a “long-term investor,” via Casablanca-based, sub-Saharan Africa focused renewables developer Neo Themis. InfraCo did not specify Denham''s financial commitment but Fatou Gaye, InfraCo''s business development manager for the Chadian project, quoted in Friday''s press release, said Denham and Neo Themis will “progress the project through to construction and operations in the coming months."
With pv magazine having previously reported the first phase of Djermaya would have a generation capacity of 32 MW, rather than 34 MW, and that the project would be sited in N''Djamena, rather than 30km north, InfraCo on Friday confirmed the first generation and storage capacity at the site would be part of a two-phase project which would eventually boast 60 MW of solar capacity.
The terms of the power purchase agreement (PPA) signed by Chadian national utility Société Nationale d''Electricité also appear to have changed. pv magazine in 2019 reported the power company had agreed to purchase the power generated by Djermaya for 25 years but InfraCo on Friday referred to a 20-year contract.
InfraCo said it had developed the solar-plus-storage project via the Anergi Group African power company owned by the AfDB''s Pan-African Infrastructure Development Fund, which is managed by South African infrastructure developer Harith General Partners. London-based InfraCo also named French energy company Smart Energies as its development partner.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.
The Djermaya Solar project has been developed by InfraCo Africa, via Anergi Africa Developments Ltd (AADL), with its partner Smart Energies. Denham Capital recently joined the project via Neo Themis as a majority long-term investor.
The Djermaya Solar project involves the design, financing, construction and operation of a 34 MWc photovoltaic solar power plant, 18 km of interconnection infrastructure and a 4 MWh battery system. It is the first solar power plant in Chad, the first electricity storage infrastructure, and also the first public-private partnership (PPP) in the form of an independent power producer (IPP) in the country.
The project should reduce emissions by 45 ktCO2e a year, improve access to electricity for over 430,000 beneficiaries, contribute to a more resilient economy by generating 63.9 GWh of solar electricity locally every year on average, and support 20,600 indirect jobs over the next 5 years.
The content of this project information sheet falls under the sole responsibility of the Proparco and does not necessarily reflect the opinions of the European Union.
As the photovoltaic (PV) industry continues to evolve, advancements in First solar chad have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
When you're looking for the latest and most efficient First solar chad for your PV project, our website offers a comprehensive selection of cutting-edge products designed to meet your specific requirements. Whether you're a renewable energy developer, utility company, or commercial enterprise looking to reduce your carbon footprint, we have the solutions to help you harness the full potential of solar energy.
By interacting with our online customer service, you'll gain a deep understanding of the various First solar chad featured in our extensive catalog, such as high-efficiency storage batteries and intelligent energy management systems, and how they work together to provide a stable and reliable power supply for your PV projects.
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