Serengeti Energy, a leading renewable energy company, and Proparco, the French development finance institution, have signed a landmark €250,000 grant agreement to support climate adaptation and mitigation activities for Serengeti Energy’s power plants in sub-saharan Africa. This strategic partnership aims to enhance the resilience and sustainability of renewable energy infrastructure amidst the increasing challenges posed by climate change.
This initiative comes in the wake of severe floods that recently devastated the Kasese District, where two of Serengeti Energy’s hydropower plants are located. The floods have underscored the urgent need for robust climate adaptation measures to protect critical infrastructure and support local communities.
Key objectives of the grant:
- Infrastructure Resilience: Climate risk and hydrological analysis and adaptation action plan proposals.
- Environmental Monitoring: Enhancing the capacity for environmental monitoring such as sediment load in the rivers to track climate impacts and adapt operations accordingly, ensuring minimal ecological disruption.
- Staff Training: Providing comprehensive training programs for staff to equip them with the necessary skills to manage climate-related challenges, to obtain a better operational efficiency and to carry out an efficient maintenance of the assets.
The grant will be used to implement advanced climate adaptation and mitigation measures at Serengeti Energy’s power plants, ensuring their operational efficiency and reliability in the face of increasingly erratic weather patterns and environmental changes.
Mr. Anton-Louis Olivier, CEO of Serengeti Energy, noted: “This is a significant milestone in our ongoing partnership with Proparco. By enhancing the resilience of our power plants we are not only mitigating operational and commercial risks for our business, but importantly also ensure that these power plant continue to provide sustainable and affordable power to the people of Sub-Saharan Africa.”
Mr. Guillaume Barberousse, Sustainable development Director of Proparco: “We are thrilled to partner with Serengeti Energy, a leading player specializing in hydroelectricity in Sub Saharan Africa. Climate change is a pressing challenge, and it is imperative that we support innovative projects that mitigate its impact. This adaptation project aims to improve the resilience to climate change of Serengeti hydropower plants and provide training on Serengeti staff on climate change-related issues. This support will ensure the operational efficiency of the assets, their robustness in facing exceptional weather conditions and thus continue to provide sustainable and affordable electricity to the vulnerable populations of Sub-Saharan Africa. This grant is a testament to our commitment to building sustainable and resilient communities, particularly in regions vulnerable to extreme weather events.”
About Serengeti Energy:
Serengeti Energy is a leading renewable Independent Power Producer (IPP) specializing in the development, construction, and operation of renewable energy plants across Sub-Saharan Africa. With a portfolio that includes seven hydro plants, Sierra Leone’s first grid-connected Solar PV plant, and a 21MW Solar PV plant in Malawi, we continue to advance our mission of delivering sustainable energy solutions in the region. Serengeti Energy is owned by KfW, STOA, Proparco, Norfund, Swedfund and NDF.
For further details, visit our website at www.serengeti.energy or visit us on LinkedIn.
About Proparco:
Proparco, a subsidiary of Agence Française de Développement Group, has been working with the private sector for over 45 years for a more just and sustainable world. With an international network of 23 local offices, Proparco works closely with its partners to build sustainable solutions in response to environmental and social challenges in Africa, the Middle East, Asia and Latin America. Proparco benefits from sector-based expertise as well as a wide range of financial solutions tailored to the different stages of business development, notably thanks to its Digital Africa subsidiary, and its Propulse technical assistance offering designed to scale up the impacts and performance of its partners.
Proparco’s new “Acting together for greater impact” Strategy 2023-2027 enables, strengthens and amplifies the different ways in which it works with its partners. To learn more: http://www.proparco.fr/en/strategy.
For more information, go to: http://www.proparco.fr/en and @Proparco LinkedIn
For media inquiries, please contact: Christoph Haushofer ; presse@proparco.fr