254k consumers are expected to benefit. The largest impact will be felt by users that consume the most power.

SDG assessment
7.1 + 7.2 – Access to affordable and reliable renewable energy.

Avoid 27k tCO2e per year.

SDG assessment
13 – Climate change mitigation.

A number of businesses are expected to benefit which will in turn create indirect jobs in the economy.

SDG assessment
8.5 – Achieve full and productive employment.

Challenge: Madagascar is highly reliant on thermal energy and seasonal hydropower for electricity production which has led to high costs of generation for the utility.

Channel: Demonstrate commercial bank appetite to fund a greenfield utility scale solar and storage project for the first time.

Outcome: Greater number of greenfield solar projects funded by commercial banks which will lead to more diversified energy mix and more resilient cost reflective system.

Mobilised $19.5m from the private sector.

Physical: Assessment of cyclone risk deemed medium. Insurance policies contracted by the SPV to cover cyclones, storms and flooding risks.

Women represent 50% of management at the project SPV and 53% of management during the EPC construction.

As part of the due diligence process, 3 HSES enhancement opportunities were identified which are now reflected in the Project Environmental and Social Action Plan (ESAP).