FMO Injects €10.9M to Revive Burkina Faso’s Dédougou Solar Project

After years of stagnation, the 18 MW Dédougou solar project in Burkina Faso is finally moving forward, thanks to a €10.9 million loan from the Dutch development bank FMO. The funding activates an additional €6 million from the African Development Bank (AfDB), previously committed via its SEFA facility.

Located in Souri, near Dédougou, the plant will be developed by French firm Qair, with equity financing from Syscom Network (30%) and MIHIA Holding (70%)—a joint venture backed by Qair International and STOA.

FMO emphasizes the deal’s catalytic nature: “There are no commercial banks in Burkina Faso able to offer long-term financing on suitable terms for such projects.” The total cost is estimated at €20.4 million, and the plant will operate under a 25-year PPA with national utility Sonabel.

This landmark investment marks a critical step forward in advancing clean energy access in one of West Africa’s most underserved regions.