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

The SAVi assessment of the N’Diaye wind farm in Senegal finds that while coal appears cheaper in traditional financial analyses, the wind farm is the most favorable option when climate risks and externalities are included. The wind farm offers a lower integrated LCOE (CFA 43,266/MWh) than coal (CFA 52,998/MWh) and HFO (CFA 155,898/MWh), generates significantly more employment (66 FTE/year), and avoids up to 6 million tonnes of CO2e emissions. Financially, the wind farm's NPV (USD 157.38 million) outperforms coal (USD 129.64 million) in a holistic scenario, while HFO is considered non-viable.

• In a traditional baseline assessment (Scenario 0), coal power generation is the most cost-effective option with a levelized cost of electricity (LCOE) of CFA 33,452 (USD 57) per MWh, compared to CFA 43,337 (USD 74) per MWh for wind and CFA 145,659 (USD 249) per MWh for HFO.
• When climate risks and externalities are integrated (Scenario 2), the wind farm becomes the most favorable option. Its LCOE decreases slightly to CFA 43,266 (USD 74) per MWh due to positive externalities, while coal's LCOE increases to CFA 52,998 (USD 91) per MWh and HFO's increases to CFA 155,898 per MWh.
• The wind farm project is projected to generate significantly more employment than fossil fuel alternatives, with at least 66 full-time equivalent (FTE) jobs per year, compared to 15 FTE jobs for HFO and 11 FTE jobs for coal.
• Implementing the N’Diaye wind park could avoid between 2.1 million and 6 million tonnes of CO2e emissions between 2019 and 2042 that would otherwise be emitted if HFO or coal power were used.
• From a financial performance perspective, the wind farm performs on par with coal when externalities and climate risks are considered. In Scenario 2, the wind farm's Net Present Value (NPV) of USD 157.38 million outperforms the coal alternative's NPV of USD 129.64 million.
• HFO power generation is deemed financially non-viable across all modeled scenarios, with a negative NPV of approximately USD -1 billion over a 40-year project lifetime due to high fuel costs and inefficiency.

APA

Bassi, A. M., Casier, L., Pallaske, G., & Uzsoki, D. (2019). Sustainable Asset Valuation (SAVi) of the N’Diaye Wind Farm in Senegal. International Institute for Sustainable Development. https://www.iisd.org/system/files/publications/savi-senegal-ndiaye-wind-farm-en.pdf

Chicago

Bassi, Andrea M., Liesbeth Casier, Georg Pallaske, and David Uzsoki. Sustainable Asset Valuation (SAVi) of the N’Diaye Wind Farm in Senegal. International Institute for Sustainable Development, 2019. https://www.iisd.org/system/files/publications/savi-senegal-ndiaye-wind-farm-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) of the N’Diaye Wind Farm in Senegal |publisher=International Institute for Sustainable Development |date=June 2019 |url=https://www.iisd.org/system/files/publications/savi-senegal-ndiaye-wind-farm-en.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{bassi2019sustainable, author = {Bassi, Andrea M. and Casier, Liesbeth and Pallaske, Georg and Uzsoki, David}, title = {{Sustainable Asset Valuation (SAVi) of the N’Diaye Wind Farm in Senegal}}, institution = {International Institute for Sustainable Development}, year = {2019}, month = jun, url = {https://www.iisd.org/system/files/publications/savi-senegal-ndiaye-wind-farm-en.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }