Gambia signs $169 million solar park deal
The agreement with Solaris Africa Ltd adds 148.44 MWp solar PV and 85 MW battery storage.
The Gambian government signed agreements today with Solaris Africa Ltd for Phase 2 of the Soma Solar Park, a deal valued at US$169 million. The project includes 148.44 MWp of solar PV and 85 MW of battery storage. The National Water and Electricity Company (NAWEC) signed a 25-year Power Purchase Agreement for the expansion.
The Ministry of Petroleum, Energy and Mines and the Ministry of Finance and Economic Affairs executed the Implementation Agreement. This project represents one of the largest private investments in The Gambia's energy sector. The battery storage component will enable solar power to supply the grid during evening peak demand.
This expansion aims to reduce reliance on expensive fuel-based electricity generation and improve the reliability of power for homes and businesses. The signing signals investor confidence in The Gambia as an open market and fulfills a commitment to provide reliable, affordable, and clean electricity to all citizens.
Why it mattersGambians will receive more reliable and affordable electricity, reducing dependence on costly fuel.