ASER Solar Rural Electrification Project Senegal

The ASER Solar Rural Electrification Project aims to provide 100% solar mini-grids to 1,000 isolated villages in Senegal between 2021 and 2026. With a total financing package of EUR 198.7 million, including EUR 75.4 million from the Green Climate Fund (GCF), the project targets the electrification of 38,900 households and the support of 3,739 productive use applications. The initiative focuses on reducing CO2 emissions, improving rural resilience to climate change, and empowering women and youth through technical assistance and financial incentives for energy-powered businesses.

• The project aims to deploy 100% solar photovoltaic mini-grids in 1,000 isolated villages across Senegal, targeting approximately 38,900 households and 344,000 beneficiaries, which represents 4% of the rural population.
• The total financing for the project is EUR 198,692,182, with the Green Climate Fund providing EUR 75,445,176 in the form of a loan (EUR 73,623,231) and a grant (EUR 1,821,945).
• The project is expected to reduce greenhouse gas emissions by an estimated 45,098 tCO2 annually, totaling 1,127,447 tCO2eq over its 25-year technical lifetime.
• The intervention includes a technical assistance component (EUR 3.7 million) to build the capacity of stakeholders, implement a gender action plan, and establish a recycling unit for batteries and electronic waste.
• To stimulate demand and support vulnerable groups, the project will provide financial incentives for 3,739 'Projets Énergétiques Multi-sectoriels' (PREM), using a voucher system for connection costs and microfinance guarantees for productive equipment.
• The project addresses climate vulnerabilities in Senegal, where rainfall is projected to decrease and temperatures increase, which threatens hydropower production and agricultural productivity.
• The project utilizes a public-private partnership model where the government provides concessional funding to lower the weighted average cost of capital (WACC) by 2.4%, reducing it to 3.9% to attract private operators who contribute 5% of the investment in equity.

APA

Green Climate Fund (2020). ASER Solar Rural Electrification Project Senegal. https://www.greenclimate.fund/sites/default/files/document/fp138-boad-senegal_0.pdf

Chicago

Green Climate Fund. ASER Solar Rural Electrification Project Senegal. 2020. https://www.greenclimate.fund/sites/default/files/document/fp138-boad-senegal_0.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=ASER Solar Rural Electrification Project Senegal |date=21 August 2020 |url=https://www.greenclimate.fund/sites/default/files/document/fp138-boad-senegal_0.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2020aser, author = {{Green Climate Fund}}, title = {{ASER Solar Rural Electrification Project Senegal}}, institution = {Green Climate Fund}, year = {2020}, month = aug, url = {https://www.greenclimate.fund/sites/default/files/document/fp138-boad-senegal_0.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }