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

This fact sheet presents a Sustainable Asset Valuation (SAVi) assessment of the N’Diaye wind farm in Senegal. The analysis compares the wind project's costs, risks, and externalities against coal-fired and heavy fuel oil (HFO)-fired electricity generation to determine their relative societal value and financial performance under different climate and risk scenarios.

• The N’Diaye wind farm, which began construction in January 2019 and is designed to generate 158.7 MW of electricity, provides significantly higher employment and lower emissions than fossil fuel alternatives. It creates 66 full-time equivalent (FTE) jobs per year and produces 0.1 million tonnes of life cycle carbon dioxide emissions, whereas coal-fired plants create 11 FTE jobs and emit 6.1 million tonnes, and HFO-fired generation creates 15 FTE jobs and emits 2.2 million tonnes.
• When accounting for climate risks and externalities, the levelized cost of electricity (LCOE) for the N’Diaye wind farm is CFA 43,266 per MWh (USD 74 per MWh), making it more affordable than coal-fired generation (CFA 52,998 per MWh or USD 91 per MWh) and HFO-fired generation (CFA 155,728 per MWh or USD 267 per MWh). The social cost of carbon is identified as having a larger impact on the LCOE of coal-fired generation than climate risks.
• Traditional financial assessments (Scenario 0) favor coal-fired generation, which has a higher expected internal rate of return (IRR) of 23.53% compared to 12.17% for the wind farm, primarily because the wind project's capital expenditures are more than double those of coal. However, under Scenario 2, which includes both climate risks and externalities, the net present value (NPV) of the wind farm project outperforms coal-fired generation.

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} }