Nairobi, 7 July, 2025: The African Trade & Investment Development Insurance (ATIDI), through its Regional Liquidity Support Facility (RLSF), is set to provide liquidity cover for the Sokodé Solar PV Project, a landmark 62 MW renewable energy project in central Togo. This marks the first RLSF supported project in Togo; the first project to benefit from such support in West Africa and the tenth project overall backed by RLSF across ATIDI’s member states.
Developed by Meridiam and the French multinational power utility – Électricité de France (EDF), the grid-connected plant will sell electricity exclusively to the national utility, Compagnie Énergie Électrique du Togo (CEET), under a 25-year Take-or-Pay Power Purchase Agreement (PPA). The plant’s output will be integrated into the national grid via a new 11 km transmission line, which will be financed by the Government of Togo.
The RLSF policy covers up to six months of revenue for the project company, over an initial tenor of up to 15 years. This strategic layer of payment assurance plays a key role in de-risking the transaction, enhancing its financial structure, and creating a more attractive platform for potential financiers, ultimately accelerating the path to financial close.
The project has secured debt financing from the African Development Bank (AfDB) and Proparco, the private sector arm of the Agence Française de Développement (AFD).
As part of its commitment to responsible and sustainable investment, ATIDI conducted comprehensive due diligence, encompassing environmental, social and operational assessments and confirmed that the project aligns with its high sustainability standards and RLSF eligibility criteria. The project has been classified as a Category B project, following its review in line with ATIDI’s Environmental, Social & Governance (ESG) policy.
Quote from Manuel Moses, Chief Executive Officer, ATIDI
“This project is yet another milestone for ATIDI, expanding our footprint into West Africa while supporting Togo’s ambition for universal energy access by 2030. The Sokodé Solar PV Project aligns perfectly with our mission to de-risk renewable energy investments and accelerate the continent’s energy transition.”
Quote from the Project Sponsors:
“Meridiam and EDF are delighted to support the development of the Sokodé solar power plant in Togo. This project embodies our shared commitment to energy sovereignty and the fight against climate change, marking a significant step toward shaping Togo’s sustainable energy future.
As the second-largest solar facility in the country by installed capacity, the Sokodé Project will provide clean, reliable, and affordable electricity to approximately 700,000 people.
Through this project, we contribute to Togo’s dual ambition: ensuring all its citizens have access to electricity by 2030 and increasing the share of renewable energy in the national energy mix to 50%”.
Togo currently faces significant electricity access challenges, with over 3.7 million people lacking access to electricity and 85% of national electricity supply dependent on fossil fuels and imports from neighbouring countries. The Sokodé Solar PV Project will strengthen domestic power generation capacity, reduce reliance on imports, and promote clean, sustainable growth.
This collaboration follows sustained engagement between ATIDI and CEET and underscores the importance of strong public-private partnerships in delivering Africa’s energy future.
