SOLEN Secures EUR 28 Million Financing for Gabon's First Utility-Scale Solar-Plus-Storage Project
Gabonese independent power producer SOLEN SA has secured EUR 28 million to advance the Plaine Ayeme solar-plus-storage project. Located near Libreville, the project will feature a 30 MW solar photovoltaic facility with an 8 MWh battery storage system, marking Gabon's shift towards renewable energy. The financing involves the AFRIGREEN Debt Impact Fund and BGFIBank, supporting construction and a 25-year power purchase agreement with the Gabonese state for revenue stability.
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SOLEN SA has secured EUR 28 million to advance the Plaine Ayeme solar-plus-storage project in Gabon. This project will consist of a 30 MW solar photovoltaic facility paired with an 8 MWh battery energy storage system, located 30 kilometers from Libreville.
The financing is a collaboration between the AFRIGREEN Debt Impact Fund and BGFIBank. The project, structured in two phases, aims to deliver 60 MW of solar generation and 30 MWh of battery storage. It is supported by a 25-year power purchase agreement with the Gabonese state. The project is significant for diversifying Gabon's energy mix, reducing reliance on thermal and hydropower generation.
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