ATIDI’s RLSF Supports Togo Sokodé Solar Power Project
ATIDI has approved the issuance of a payment guarantee for the 62MW Sokodé Solar Power Project through the Regional Liquidity Support Facility (RLSF).
The RLSF insurance covers the risk of non-payment by the national utility company, Compagnie Energie Electrique du Togo (CEET).
The project is jointly developed by Meridiam and EDF and will be the second grid-connected solar project in Togo.
Nairobi, 7 July 2025: The African Trade & Investment Development Insurance (ATIDI) will provide liquidity coverage for the groundbreaking 62MW renewable energy initiative — the Sokodé Solar Power Project — located in central Togo, through its Regional Liquidity Support Facility (RLSF).
This marks the first RLSF-supported project in Togo, the first in West Africa, and the tenth such project across ATIDI’s member states.
The grid-connected power plant, developed by France’s energy major Électricité de France (EDF) and Meridiam, will sell electricity exclusively to the state-owned CEET under a 25-year take-or-pay Power Purchase Agreement (PPA).
The plant’s output will be integrated into the national transmission network through a newly built 11 km transmission line, which will be financed by the Government of Togo.
The RLSF insurance will initially cover up to six months of the power producer’s revenue for a period of up to 15 years.
This strategic layer of payment security plays a crucial role in mitigating transaction risks, strengthening the financing structure, and accelerating financial close by creating a more attractive platform for potential lenders.
The project has secured debt financing from the African Development Bank (AfDB) and Proparco, the private sector arm of the French Development Agency (AFD).
As part of its commitment to responsible and sustainable investment, ATIDI conducted a comprehensive due diligence process covering environmental, social, and operational aspects to ensure that the project aligns with ATIDI’s high sustainability standards and RLSF eligibility criteria.
Following an environmental and social review under ATIDI’s ESG Policy, the project has been classified as Category B.
Statement from Manuel Moses, Chief Executive Officer of ATIDI
“This project marks another important milestone for ATIDI, combining our expansion into West Africa with support for Togo’s ambitious goal of achieving universal energy access by 2030.
The Sokodé Solar Power Project aligns perfectly with our mission to de-risk renewable energy investments and accelerate the continent’s energy transition.”
Statement 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 climate action and represents a significant step in shaping a sustainable energy future for Togo.
As the country’s second-largest solar project by installed capacity, it will supply clean, reliable, and affordable electricity to approximately 700,000 people.
Through this project, we are contributing to two of Togo’s national goals — achieving universal access to electricity by 2030 and increasing the share of renewable energy in the national energy mix to 50%.”
Currently, over 3.7 million people in Togo lack access to electricity, and about 85% of the country’s power supply depends on fossil fuels and imports from neighboring countries.
The Sokodé Solar Power Project will strengthen national generation capacity, reduce import dependence, and promote clean and sustainable growth.
This collaboration follows ATIDI’s ongoing engagement with CEET and reaffirms the importance of strong public-private partnerships in realizing Africa’s energy future.
