Senegal’s solar project wins Phanes Group’s second Solar Incubator

Solar IncubatorHadj will gain access to commercial and technical know-how covered by experts from project finance, project development and execution, legal and CSR. (Image source: Phanes Group)International end-to-end solar provider Phanes Group has announced Mbaye Hadj and his Gossas Solar Farm Project (30 MW) as the winner of the second edition of its Solar Incubator

The announcement was made at the “Unlocking Solar Capital: Africa” conference in Kigali, Rwanda, where three finalists presented their proposal to a panel of international industry experts from responsAbility, ECREEE, Hogan Lovells, Phanes Group, RINA, and African Development Bank.

Andrea Haupts, the chief operating officer of Phanes Group, said, “We are proud to announce Hadj as the winner of this year’s Solar Incubator. It was a difficult decision as we received a strong response of project proposals with the potential to positively impact their communities. Our experience now in the second year of the incubator encourages us to continue with this initiative because there is a great deal of local talent on the continent who have the potential to benefit from such a platform.”

Maintaining a long-term stake in the project, Hadj and Phanes Group will work collaboratively, aiming to bring the solar energy project to financial close.

The Solar Incubator phase will kick off with an intensive face-to-face workshop for Hadj in Dubai, UAE, where he will work with Phanes Group’s team and its incubator partners to set the foundations to deliver a bankable project.

During that phase, Hadj will gain access to commercial and technical know-how covered by experts from project finance, project development and execution, legal and CSR, followed by further remote mentoring sessions in the succeeding months.

“Hadj’s project convinced the evaluation panel not only with its strong CSR component but also with his knowledge and commitment to the region where he hails from. We believe in Hadj’s determination to bring his project to life in a challenging market environment, where our expertise and training can make a difference,” Haupts added.

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