Phanes Group chooses a project in Senegal for the second edition of its Solar Incubator
For the second edition of the Phanes Group solar incubator, international experts have chosen a solar project in Senegal. According to a statement from the solar project development company, this Senegalese project involves a 30 megawatt solar farm.
Senegal is the lucky winner of the 2nd edition of Phanes Group’s solar incubator. For this competition, the project selected by the panel of international experts focuses on a solar farm in Gossas in Senegal of 30 megawatts. According to a statement from the Phanes Group, this choice was made following the presentations made by the three finalists of the competition during the conference “Unlocking Solar Capital: Africa 2018” in Kigali, Rwanda before a panel of international experts including responsAbility, ECREEE, Hogan Lovells, Phanes Group, RINA and the African Development Bank (AfDB).
“Mbaye Hadj is the winner of the solar incubator this year. The choice was difficult as the projects were strong and had the potential to impact communities in a positive way, “said Andrea Haupts, COO of Phanes Group.
“Mbaye Hadj’s project appealed to the evaluation panel not only because of the very solid Corporate Social Responsibility aspect, but also because of his knowledge and involvement in the region where he comes from. We believe in its determination to bring this project to life in a difficult market through our expertise and training, “commented Haupts, insisting that this initiative by his company must be continued because a lot of talent on the continent who can benefit from this kind of platform.
Access technical, commercial and financial expertise
To set up his project, as planned by the Solar Incubator, Hadj will be able to count on technical and commercial support from the Dubai-based project development company. According to the statement, he will work closely with the group to complete the financing of his project.
“The solar incubator phase will start with an intensive seminar with Mbaye Hadj in Dubai, UAE, where he will work with a team from Phanes Group and its incubation partners to lay the foundations for a profitable project.” , announces Phanes Group. “During this phase, Mbaye Hadj will have access to the know-how of experts in finance, project design and implementation, legal advice and CSR, as well as coaching sessions that will be held in the following months “Adds the company which is also manager of investments and assets.
Remember that Phanes Group’s goal through the Solar Incubator is to give photovoltaic projects with high potential in sub-Saharan Africa access to technical and commercial, and then financial, expertise. The group also aims to help entrepreneurs overcome obstacles that could hinder the completion of these projects.