MCC, Gambia Sign $25 Million Solar Investment Program

Connect with us:

Image: Jcomp via Freepik

The Gambian government has signed a $25 million investment program deal with U.S.-based Millennium Challenge Corporation (MCC) to expand solar developments across the country. With negotiations commencing at COP26 this year between the two entities, the program is expected to significantly improve electrification and drive the transition to a clean energy future.

With universal access to electricity a top priority of the government of the Gambia, the investment program marks an important step in addressing energy poverty and meeting domestic electricity demand.

The MCC already has a notable presence in Africa and has demonstrated its commitment to improving electrification through agreements such as the Gambian investment program; signed Memorandum of Understandings with the governments of Burkina Faso and Côte d’Ivoire; and cooperative agreements with the West African Power Pool – all signed in 2021.

In addition to addressing domestic electricity demand, the agreement will enable the uptake of renewable energy resources, driving the Gambia’s energy transition. As the world focuses on reducing greenhouse gas emissions, programs such as this will be instrumental in addressing climate change.

Other Reads

Other Reads

Charné Hollands

Charné Hollands

Charné Hollands is the Deputy Editor at Energy Capital & Power. She holds a Higher Certificate in Professional Photography and Masters in Media Studies from the University of Cape Town. Charné writes content for ECP's website and events as well as co-authored African Energy Chamber: Road to Recovery.

More from the Author

Sign up for latest news and event info

Copyright © 2022 Energy Capital & Power. Privacy Policy · Terms of Use