Gigawatt Burundi
BIO has supported the realisation of a feasibility study regarding the financing & construction of the Mubaga 7.5MW solar PV project in Burundi.
Amount
€ 54,947.00
Type of investment
Subsidy
Development impacts
- Fight against climate change and preservation of natural resources
- Local economic growth
Beneficiary locations
Investment field
Infrastructure
Activity
Energy - Solar
Organisation
Gigawatt Burundi
Domicile
The goal of the project is to increase Burundi’s energy access through a 7.5MW solar PV project.
The project is expected to;
- Increase energy production; The current installed power in Burundi is 56MW. The plant would increase that with 14%;
- Produce clean energy; renewable and sustainable energy production and reduction of greenhouse gas emission by decreasing the use of diesel;
- Job creation; 300 construction workers most of whom will be Burundian and 50 long-term position of which 30 full-time maintenance jobs and 20 subcontractors from local businesses.
Development impacts
- Fight against climate change and preservation of natural resources
- Local economic growth
View more of our investments in this region
Financial Institutions
TerraPay Payment Services
10,000,000.00
Cameroon, Côte d'Ivoire, Kenya, Senegal, Tanzania, Uganda, Bangladesh, India, Philippines, Vietnam
25/03/2024
Debt
Investment Companies & Funds
SIMA Commercial & Industrial Solar Green Bond
10,000,000.00
Kenya, Nigeria, South Africa
29/12/2023
Debt
