A 100 MW solar PV independent power project with a 40 MW / 40 MWh battery energy storage system, proposed to support Sierra Leone's Southern and Eastern corridors, subject to energy yield validation, grid connection approvals, commercial agreements, and lender due diligence.
Project overview
Investment opportunity
The project is seeking US$92.79 million in senior debt and US$39.77 million in sponsor equity to finance a total project cost of US$132.56 million. Revenue will be generated through electricity sales under a long-term power purchase agreement, with projected annual energy delivery of approximately 237.95 GWh. The private sector partner will be responsible for financing, constructing, operating, and maintaining the solar PV plant, battery energy storage system, and associated grid interconnection infrastructure.
Investment types sought
Project status
Development stage
Structuring & preparation
Current status / progress to date
The project is in the investment preparation phase, with technical, commercial, and financing arrangements being advanced.
Additional project information
- Lead agency
- Ministry of Energy / EDSA; TechOps sponsor; NIB facilitation
Expected impact
Jobs created / supported
Not verified; estimate pending
Economic & development benefits
- Improved power system flexibility
- Integration of renewable energy
- More reliable electricity supply
- Reduced dependence on diesel-based generation
- Construction, electrical works and maintenance employment opportunities
Climate & resilience benefits
- Renewable energy generation
- Battery-backed grid reliability
Contact
Contact team
For more information about this project, please contact the Commonwealth Investment Platform team.