Sustainable Asset Valuation (SAVi) Assessment of the N’Diaye Wind Farm, Senegal

The SAVi assessment of the N’Diaye wind farm in Senegal demonstrates that while coal-fired power may appear more financially attractive under traditional business-as-usual scenarios, the wind farm provides superior societal value and lower costs when climate risks and externalities are integrated. The wind project is estimated to generate 158.7 MW of electricity and create significantly more employment (66 FTE/year) with substantially lower life cycle emissions (0.1 million tonnes of CO2) compared to coal (6.1 million tonnes) and HFO (2.2 million tonnes). When accounting for climate risks and externalities, the levelized cost of electricity (LCOE) for the wind farm is CFA 43,266 per MWh, making it more affordable than coal (CFA 52,998 per MWh) and HFO (CFA 155,728 per MWh).

• The N’Diaye wind farm project, which will generate 158.7 MW of electricity, creates more employment and produces fewer life cycle emissions than fossil fuel alternatives. It generates 66 full-time equivalent (FTE) jobs per year and 0.1 million tonnes of carbon dioxide emissions, whereas HFO-fired generation produces 15 FTE jobs and 2.2 million tonnes of emissions, and coal produces 11 FTE jobs and 6.1 million tonnes of emissions.
• When integrating climate risks and externalities, the wind farm's levelized cost of electricity (LCOE) is lower than both coal and HFO options. The wind farm's LCOE is CFA 43,266 per MWh (USD 74 per MWh), while coal increases to CFA 52,998 per MWh (USD 91 per MWh) and HFO is the least attractive at CFA 155,728 per MWh (USD 267 per MWh).
• Traditional financial assessments (Scenario 0) favor coal-fired generation due to lower capital expenditures, resulting in a higher internal rate of return (IRR) of 23.53% compared to 12.17% for the wind farm. However, when climate risks and externalities are included (Scenario 2), the net present value (NPV) of the wind farm project outperforms coal-fired generation.
• The social cost of carbon is identified as a primary driver of the increased LCOE for coal-fired electricity generation, having a larger impact than other climate risks.

APA

Bassi, A. M., Casier, L., Pallaske, G., & Uzsoki, D. (n.d.). Sustainable Asset Valuation (SAVi) Assessment of the N’Diaye Wind Farm, Senegal. International Institute for Sustainable Development. https://www.iisd.org/system/files/publications/savi-senegal-ndiaye-wind-farm-brochure-en.pdf

Chicago

Bassi, Andrea M., Liesbeth Casier, Georg Pallaske, and David Uzsoki. Sustainable Asset Valuation (SAVi) Assessment of the N’Diaye Wind Farm, Senegal. International Institute for Sustainable Development, n.d. https://www.iisd.org/system/files/publications/savi-senegal-ndiaye-wind-farm-brochure-en.pdf.

Wikipedia

{{cite report |last1=Bassi |first1=Andrea M. |last2=Casier |first2=Liesbeth |last3=Pallaske |first3=Georg |last4=Uzsoki |first4=David |title=Sustainable Asset Valuation (SAVi) Assessment of the N’Diaye Wind Farm, Senegal |publisher=International Institute for Sustainable Development |url=https://www.iisd.org/system/files/publications/savi-senegal-ndiaye-wind-farm-brochure-en.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{bassindsustainable, author = {Bassi, Andrea M. and Casier, Liesbeth and Pallaske, Georg and Uzsoki, David}, title = {{Sustainable Asset Valuation (SAVi) Assessment of the N’Diaye Wind Farm, Senegal}}, institution = {International Institute for Sustainable Development}, url = {https://www.iisd.org/system/files/publications/savi-senegal-ndiaye-wind-farm-brochure-en.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }