GRIPS Energy – Clean Energy for Agriculture (Senegal)
Description
- Type of system: 600 kWp ground-mount PV system
- Location of project: Saint Louis, Senegal
- Completion date: 2022
Company description
GRIPS Energy supports companies in African countries transition to affordable renewable energy by financing, implementing, and managing customised power systems. As a renewable energy investor and contractor, GRIPS provides pre-financed solutions, allowing clients to enjoy affordable, reliable green energy without upfront costs or technical risks.
GRIPS partners with local EPCs to carry out project implementation and ensures the ongoing operations and maintenance of the systems throughout the contract period. This full-service approach allows customers to focus on their core business while benefiting from reduced energy costs and enhanced power reliability.
The Challenge
The agribusiness’ high energy-consuming activities, such as irrigation and cooling, led to exorbitant energy costs from the grid, affecting their financial stability and limiting sustainable growth.
Transitioning to renewable energy, in line with their sustainability commitments, was the best solution. However, they lacked the technical knowledge and financial availability to carry out the project.
Renewable Solution
From GRIPS Energy, we embarked on a comprehensive journey, starting with a full understanding of their needs. We tailored the renewable energy solution to meet our customer’s energy and financial requirements.
In collaboration with our local partner, we made their transition to green energy a reality.
Project Financing and Costs
GRIPS financed 100% of the project, including system design, implementation and operations and maintenance, throughout the whole installment contract period.
Project Outcome
Immediate impact:
- 45% of the customer electricity consumption covered
- Ensured stable power supply
- 300 tonnes of annual CO2 emissions reduction