Abu Dhabi funds African solar
The Abu Dhabi Fund for Development (ADFD) has signed an agreement to back a 6MW solar project in Sierra Leone.
The fund will provide Dh33m (nearly $9m) as part of the long-term, low-interest loan agreement to build the array near the West African country’s capital, Freetown.
“We believe in supporting developing countries and helping them deploy renewable energy as a substitute for traditional energy that has negative effects on humans and the environment,” says ADFD director-general Mohammed Saif Al Suwaidi.
“We believe in the importance of encouraging investment in renewable energy, and that’s why we launched this initiative.”
Construction of the project - which will be linked to the main grid - is expected to start within three months, and be completed within 18 months.
Sierra Leone aims to source 25% of its energy from renewables by 2015.