Description: 

Regional Program: Burkina Faso, Egypt, Mozambique, Rwanda, and Uganda

This Proposal forms Stage 2 of the IFC’s Sub-Program and aims to capitalize on the successful implementation of Stage 1 in Honduras by broadening solar PV development to a larger pool of countries across Africa, and Latin America and Caribbean (LAC).  Eligible countries for participation in the Sub-Program will include all CIF countries in Africa (except South Africa) and those countries from the LAC region, where the utility-scale solar PV sector has not yet reached commercial viability (countries like Chile and Mexico are, therefore, excluded), with initial indicative pipeline of projects including Burkina Faso, Egypt, Mozambique, Rwanda, and Uganda.  Stage 2 will largely maintain the same approaches and investment structures, as were laid out in the original IFC’s Sub-Program.

As many African and LAC countries feature strong solar irradiance resources, solar PV technology is emerging as a potential to transform energy mixes, partially filling the need for significant amounts of new energy infrastructure to continue driving economic growth.  Given that utility-scale solar PV can be deployed in a rapid (large facilities can be constructed within 3-6 months), flexible, and scalable manner, developers and investors continue exhibiting strong interest in pursuing investment opportunities

This project summary is drawn from draft project proposals [such as the PAD, PID, SAR, and country investment plan] and may not contain the most up-to-date information.

Project Details:

Cover Note | Project Document | Independent Review | Proposed Decision
Approved on April 24, 2015 (Approved Decision
Approved amount(s): 
USD 34.25 million 
USD 750,000 (MPIS)

Comments and Responses:
Brazil, UK & US (August 12, 2015)
Responses from IFC to Brazil, UK & US (August 19, 2016)