The Multilateral Investment Guarantee Agency (MIGA) has allocated a $5 million guarantee to the Société de Production d'Energie Solaire de Ouagadougou. Through this fundraising, the government is accelerating the integration of renewable energies into the energy mix.

The financial support of $5.2 million released by MIGA falls within the framework of the construction of a solar power plant in Burkina Faso. The infrastructure, with a capacity of 30 MW, is being set up by the French company Green Yellow. The latter will use the financial instrument to cover its investments in equity and mixed funds for this activity over a period of 20 years. Named Société de Production d'Energie Solaire de Ouagadougou (SPES Ouagadougou), the plant will supply its production to the national electricity company, SONABEL. It has already obtained the signature of an agreement to buy back electricity over a period of 25 years. MIGA has issued guarantees in support of a photovoltaic solar power facility that will eventually produce 30 MWp of electricity in Burkina Faso.