Teaming up with AGES to develop solar PV plant in Sierra Leone

rAREH and Africa Growth and Energy Solutions to co-develop a 25 MW solar PV plant in Sierra Leone

responsAbility Renewable Energy Holding (rAREH) and Africa Growth and Energy Solutions (AGES) have signed an agreement to co-develop a 25 MW solar PV project in Sierra Leone’s Bo District. The project is to be built in two phases, with construction on a 5 MW plant intended to start in 2018.

With a population of 7.4 million, Sierra Leone is one of the poorest and least developed countries in the world. This is reflected in local electrification rates; at the end of 2016, only 12.5% of the urban and 2% of the rural population had access to electricity.

The Sierra Leone government is committed to improving energy access for the population. To reach its ambitious energy targets it aims to create market incentives for the deployment of efficient renewable energy solutions for remote and off-grid areas driven by the private sector. The current project will add roughly 15% to Sierra Leone’s current total electricity generation capacity.

rAREH intends to provide the development and construction equity finance to fast-track the implementation of the first 5MW phase of the project, under the agreement with AGES, in support of the Government of Sierra Leone and the Electricity Distribution and Supply Authority’s electrification agenda.

The site for the first 5 MW plant is located 300 km east of the capital Freetown in Sierra Leone’s Bo District, between Bo and Kenema. Under a Power Purchase Agreement and Implementation Agreement ratified by Parliament, the produced electricity will be fed into the Bo-Kenema transmission mini-grid, which is being upgraded. An Environmental and Social Impact Assessment of the project prepared by local consultants has been submitted to the Sierra Leone Environmental Protection Agency for approval.

Speaking on behalf of rAREH, Joseph Nganga, Executive Director, explained: "In the seriously underserved Sierra Leon electricity market, this project represents a real opportunity to make a transformational development impact. By working with AGES, experienced developers with an in-depth understanding of the local energy market, we ensure that new segments of the population gain access to electricity, a basic pre-requisite for development."

Albert Smith, Development Director of Africa Growth and Energy Solutions, further underlined: "West Africa has amongst the highest solar radiation in the world and Bo is well positioned on the country solar map. We are pleased to team up with the responsAbility-managed energy company to implement this exciting new development."


responsAbility Investments AG
Ulli Janett, Media Relations
+41 44 403 06 33

Africa Growth and Energy Solutions UK Plc (AGES)
Albert Smith, Director International Business Development
(+44) 0207 993 0101


About Africa Growth and Energy Solutions UK Plc (
UK-bases Africa Growth and Energy Solutions UK Plc (AGES) focuses on developing and delivering renewable energy projects in Sub-Saharan Africa. AGES collaborates with local and international stakeholders to develop projects with the aim of combining power with sustainable development programmes that will enrich and transform local communities. The company has local offices in Freetown, Sierra Leone, and Douala, Cameroon.

Legal Disclaimer

This information was produced by responsAbility Investments AG together with its palartners with the greatest of care and to the best of its knowledge and belief. However, responsAbility Investments AG provides no guarantee with regard to its content and completeness and does not accept any liability for losses which might arise from making use of this information. The opinions expressed in this information material are those of responsAbility Investments AG at the time of writing and are subject to change at any time without notice. If nothing is indicated to the contrary, all figures are unaudited. This material is provided for information purposes only. It does not constitute an offer or a recommendation to buy or sell financial instruments or services and does not release the recipient from exercising his/her own judgment. It is expressly not intended for persons who, due to their nationality or place of residence, are not permitted access to such information under local law. Neither this information material nor any copy thereof may be sent, taken into or distributed in the United States or to any U. S. person. responsAbility Investments AG is not an investor and does neither provide direct nor indirect financing. The mentioned investments in the specific markets, countries, companies, institutions, instruments, or sectors are exclusively transacted by the investment vehicles managed or advised by responsAbility Investments AG. Every investment involves risk, especially with regard to fluctuations in value and return. Investments in foreign currencies involve the additional risk that the foreign currency might lose value against the investor's reference currency. It should be noted that historical returns and financial market scenarios are no guarantee of future performance.

Copyright © 2018 responsAbility Investments AG. All rights reserved.

Go back