Gambia’s First IPP Gains Support

Key Figures & Findings: Camco, a UK-based climate and impact fund manager, has announced support for a 25 MW grid-tied solar project in The Gambia through its REPP 2 Technical Assistance Facility (REPP 2 TAF). Developed by Neo Themis SARL and led by CEO Neside Tas Anvaripour, this initiative marks the country's first Independent Power Producer (IPP) project. The project aligns with The Gambia's goal of sourcing 50% of its electricity from renewable energy by 2030 and sets a precedent for private sector involvement in the nation's energy sector. 

Statistics & Insights: The 25 MW solar project is expected to increase Gambia's domestic power production by 30%, significantly reducing its reliance on expensive diesel and heavy fuel oil. The electricity generated will be approximately 60% cheaper than current options, providing tangible benefits to Gambians, especially in rural areas.

Future Implications: This project could catalyze further private investments in The Gambia's renewable energy sector, potentially leading to more IPP projects and enhanced energy security. Demonstrating the viability of such initiatives may encourage similar developments across Sub-Saharan Africa.

Source: Camco