Trio of DFIs to co-invest in 50-MW solar project in Sierra Leone
Development finance institutions British International Investment (BII), FMO and Proparco, as well as renewable fund manager Frontier Energy, will co-invest USD 52 million (EUR 47.9m) in a 50-MW solar power project in Sierra Leone, Proparco said on Tuesday.
Sierra Leone''s Unveils $52million Solar
In a landmark development on the sidelines of the 28th United Nations Conference of the Parties on Climate Change (COP28) in Dubai, a coalition of international investment entities has unveiled a groundbreaking $52 million financing initiative to establish four solar photovoltaic power plants in Sierra Leone.
Planet Solar Energy Project
The 50MW Planet Solar PV project is split in four different locations in Sierra Leone, consisting of a 12MW power plant under construction in BO/Kenema, a 4.05 MW (DC) power plant to be constructed in Port Loko, a 25MW power plant under construction in Makoth and a 10MW power plant under construction in Kono.
Four Companies Fund Solar Projects In Sierra Leone.
Planet One, in collaboration with Frontier Energy, aims to boost Sierra Leone''s solar capacity in the coming years by developing 50 MW of installed capacity. Following the conclusion of COP28 on December 12, 2023, in Dubai, various international financial institutions have committed $52 million to fund this initiative.
Business Profile
Sierra Power (SL) Limited is a leading off-grid solar company committed to providing clean and reliable energy solutions in Sierra Leone. With a focus on sustainability and innovation, Sierra Power aims to revolutionize the energy landscape by delivering affordable and accessible solar power to communities across the nation.
Sierra Leone: $52m for large-scale grid-connected solar power IPP
Three Development Finance Institutions and a renewable fund manager have announced a co-investment of more than $52 million for Planet Solar, a greenfield 50MW solar power project in Sierra Leone. Planet Solar will be the first large-scale grid-connected solar Independent Power Producer (IPP) project, driving a diversified approach to
Planet One Group secures $52 million financing for 50
A consortium of financial institutions last week announced they co-invested $52 million to help finance the development of a 50 MW greenfield project in Sierra Leone titled Planet Solar
Sierra Leone: $52m for large-scale grid-connected
Three Development Finance Institutions and a renewable fund manager have announced a co-investment of more than $52 million for Planet Solar, a greenfield 50MW solar power project in Sierra Leone. Planet Solar
Planet One Group secures $52 million financing for 50 MW solar
A consortium of financial institutions last week announced they co-invested $52 million to help finance the development of a 50 MW greenfield project in Sierra Leone titled Planet Solar
Sierra Leone: Unlock the Potential for Grid-Connected Solar
ECA - Gap analysis of legal & regulatory framework for solar IPPs iii Executive Summary This report is prepared at the request of the Government of Sierra Leone as part of the World-Bank
Solar-storage hybrid project to power Sierra Leone
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector.
Sierra Leone Gets its First Large-Scale Grid-Connected Solar IPP
This greenfield 50MW solar power project, developed by Frontier Energy and Planet One, will be the country''s first large-scale grid-connected solar Independent Power Producer (IPP). The investment underscores the country''s commitment to diversifying its energy mix and addressing the urgent need for clean, affordable, and stable power.
Planet Solar Energy Project
The 50MW Planet Solar PV project is split in four different locations in Sierra Leone, consisting of a 12MW power plant under construction in BO/Kenema, a 4.05 MW (DC) power plant to be constructed in Port Loko, a 25MW power
5 FAQs about [Sierra Leone hyperion solar]
Where is the 50MW Planet Solar PV project located in Sierra Leone?
The 50MW Planet Solar PV project is split in four different locations in Sierra Leone, consisting of a 12MW power plant under construction in BO/Kenema, a 4.05 MW (DC) power plant to be constructed in Port Loko, a 25MW power plant under construction in Makoth and a 10MW power plant under construction in Kono.
What is the solar potential in Sierra Leone?
The solar potential in Sierra Leone is as high as 2200 kWh/m according to a more optimistic study by the Joint Research Centre (JRS) of the European Commission.
Will a new power plant increase electricity supply in Sierra Leone?
Overall, the facility is expected to raise the operational electricity supply in Sierra Leone by about 30%. According to the statement, only 23% of the population of the country currently has access to electricity.
How many people in Sierra Leone have electricity?
According to the statement, only 23% of the population of the country currently has access to electricity. Sierra Leone is one of the priority countries of the Africa Resilience Investment Accelerator initiative, through which development finance institutions join forces to unlock investment opportunities in transition states in Africa.
Who owns Planet Solar?
Frontier is lead developer and funder of the project, and in March 2022 Frontier Fund II became majority owner of the project company, Planet Solar Limited. Frontier Fund II is funding the project’s construction equity and leading the construction oversight.