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ESG & Sustainability News South Africa

Sierra Leone signs agreement for Freetown Solar Park project

West African country Sierra Leone has won the first call for proposals for the International Renewable Energy Agency/Abu Dhabi Fund for Development (IRENA/ADFD) financing facility.
Solar Park Freetown Freetown signing ceremony
Solar Park Freetown Freetown signing ceremony

The Sierra Leone Ministry of Finance and Economic Development has recently signed the 6MW Freetown Solar Park project which will target urban and western rural districts around the capital, Freetown. This is a landmark renewable energy project in West Africa, adding valuable and needed clean electricity to the grid.

The $18m clean energy project includes institutional and critical human resource arrangements for sustainable management of the facility. The Ministry has extended its gratitude to the International Renewable Energy Agency for coordinating the selection process, the ADFD for extending $9m as part funding to the government of Sierra Leone and the Advanced Science and Innovation Company/Oasis Gulf Investment that will coordinate additional $9m as private equity.

The project will place Sierra Leone on the global map of renewable energy, and further strengthen the existing cordial relationship between the governments of Sierra Leone and the United Arab Emirates.

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