A Gambian-led venture is set to invest $300 million to deploy solar energy across Senegal’s agriculture sector.
The agreement, signed with Senegal’s Agriculture Ministry, unites Gambian firm Cornerstone and Dubai-based Haji Al Shams Solar Energy.
The partnership will introduce solar-powered systems to farms, aquaculture sites, livestock operations, and agro-processing facilities nationwide.
According to Cornerstone CEO Alagie Sanyang, the initiative goes beyond infrastructure deployment.
“Our mission is to unlock the potential of solar energy to transform agriculture. With this agreement, we are investing in both technology and people, ensuring that Senegalese farmers benefit directly from innovation and long-term sustainability.
The move is expected to transform farming operations and boost food security.
Details of the agreement
The project will run under a Build-Operate-Transfer (BOT) model, with ownership of facilities eventually handed over to Senegalese farmers and private sector players.
Alongside solar rollout, the program will provide farmer training and build technical capacity to ensure long-term sustainability.
It will promote bioenergy solutions like biogas and bio-fertilizers, while using carbon credits to boost insurance schemes and a national Agricultural Fund.
Proceeds are expected to strengthen agricultural insurance schemes and establish a national Agricultural Fund.
The agreement was facilitated by BridgeKonekt, a global advisory firm, to align with international best practices.
Related developments
Senegal has advanced its energy transition with the conversion of the 335 MW Bel Air power plant in Dakar from heavy fuel oil to liquefied natural gas (LNG), just weeks after the country’s first LNG export.
- The first phase converted the plant’s six Wärtsilä 46 engines, and a second phase shifting the facility fully to LNG.
- In June 2024, GGGI and Senegal’s government inaugurated the first of 12 QFFD-funded solar irrigation units in St. Louis, with 47kw-peak capacity to irrigate 330 hectares for 330 farmers.
- Meanwhile, the Emerging Africa & Asia Infrastructure Fund (EAAIF), Dutch bank FMO, and DEG committed €84 million to build two solar plants with battery storage in Kolda, southern Senegal.
