Reform Signal #003 - Senegal’s $200M+ “First Loss” REEF Could Materially Lower Risk for RE Investors

If Senegal’s REEF is successfully implemented, investors will finally make good returns on their investments in small to medium and decentralised renewable energy projects.

IPPs have historically been considered high-risk, accessing private financing only at a premium, making investments unattractive. REEF is projected to be a $200M+ first loss fund to de-risk IPPs in Senegal, enhancing their access to lower cost finance. The table below has what investors need to know.