France-based Qair has secured €17.2 million (~$ 19.8 million) for its 18 MW solar project near Dédougou, Burkina Faso. The financing was structured by FMO with €11.2 million ($12.93 million) in senior and subordinated debt. An additional€6 million ($6.93 million) in concessional funding came from SEFA, managed by the African Development Bank.The project is listed as a national energy priority, is backed by a 25-year PPA with SONABEL and a public-private partnership with the Burkinabe government. It is Qair’s second project in the country, following the 24 MW Zano plant commissioned in 2023. The plant supports energy diversification, cost reduction, and improved access. FMO confirmed it as the fourth solar project it structured in Burkina Faso. The initiative aligns with the AfDB’s Desert-to-Power program targeting 10 GW solar in the Sahel by 2030. Local support and concessional finance were key enablers amid COVID-19-related challenges. Recently, Qair’s role in Dédougou follows its renewed solar-hybrid mission with Energy Observer announced in Nice.
Qair, FMO & AfDB fund 18 MW PV project in Burkina Faso
An 18 MW solar project near Dédougou, Burkina Faso has secured €17.2 million from FMO and SEFA under AfDB, with a 25-year PPA signed between Qair and SONABEL.
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