Utility-scale solar generation across three West African markets.

West Africa Solar Consortium

A consortium of utility-scale solar projects financed through the MIGCorp Bond™ vehicle, delivering 480MW of installed renewable capacity across Nigeria, Ghana, and Senegal.

Location
Lagos · Accra · Dakar
Vintage
2023
Status
Active
Investment thesis

Why we built it.

  • 480MW installed capacity across 3 sites
  • 15-year offtake agreements with state utilities
  • IRR target: 14% USD net to investors
  • $420M committed via MIGCorp Bond™

Greenfield development of utility-scale photovoltaic generation, with a long-term offtake agreement structure that brought institutional capital into a market previously accessible only to DFIs.

All portfolio