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IFC and Proparco commit EUR 30m to Benin solar project
Original: IFC, Proparco provide EUR 30m for solar project in Benin
The International Finance Corporation and French development lender Proparco are providing EUR 30 million in financing for a solar power project in Benin. The funding supports expansion of renewable energy capacity in the West African country, where access to reliable electricity remains limited and governments and development banks are pushing to scale up clean power investment.
Why now: Development finance for renewable energy in West Africa highlights growing international investment in Africa's solar expansion.
Evidence
- IFC, Proparco provide EUR 30m for solar project in Benin · Renewables Now
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