Togo : Compact with Africa to help set 100,000 off-grid solar home systems in the framework of the CIZO project

Energy
Monday, 15 October 2018 17:58
Togo : Compact with Africa to help set 100,000 off-grid solar home systems in the framework of the CIZO project

(Togo First) - Launched Last December, the project CIZO has just received the support of the European Union via the African Development Bank. Estimated at €20 million to €25 million, the fund provided should be used for the installation of 100,000 off-grid solar home systems in the near future.

The fund will be provided via an innovative funding model to which local banks will take part to facilitate the materials’ acquisition for final users.

This financing falls within the framework of Compact with Africa, an initiative launched in March 2017 by G20 countries under the presidency of Germany.

The ultra selective initiative to which Togo was added last April is aimed at promoting private investments in the renewable energy sector in Africa.

By supporting the CIZO project, the European Union aims to provide energy to 2 million Togolese within 5 years. Recently, another operator, Soleva, joined the British BBOXX, which was the only operator on that project with the objective to set 300,000 solar kits.

CIZO is part of the national electrification strategy launched at the end of June 2018. It is a programme which aims to increase the electrification rate in Togo to 50% by 2020, 75% by 2025 and 100% by 2030. 550,000 households should be provided energy via solar systems by 2030.

Fiacre E. Kakpo

 
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