Climate Fund Managers (CFM) and Infinitum Energy Group have secured $3.1 million in development funding from CFM’s EU-backed Climate Investor Two Fund to co-develop a 30MW waste-to-energy facility in Freetown, Sierra Leone. The project will generate 236.5 GWh of renewable electricity annually, supporting energy diversification and improving waste management while preventing 94,000 tonnes of CO2 emissions per year. 

Sierra Leone faces severe power shortages, with only 22% of the population having access to electricity. The new facility will convert 365,000 tonnes of municipal waste annually into clean energy, providing a reliable baseload power source and reducing dependence on hydroelectricity during dry seasons. This initiative aligns with the country’s Nationally Determined Contributions (NDCs) by integrating sustainable energy solutions into its climate action plan. 

Beyond its environmental benefits, the project is expected to create 250 direct jobs and support an additional 1,500 roles in the waste management sector, strengthening Sierra Leone’s economy. The reduction in unregulated dumpsites will also mitigate flood risks and enhance public health, addressing key urban sustainability challenges. 

Darron Johnson, Regional Head of Africa at CFM, emphasized the project’s transformative impact: “By turning waste into energy, we’re reducing emissions, catalyzing economic opportunities, and improving community health.” Infinitum Energy Group CEO Lindsay Nagle echoed this sentiment, highlighting the collaboration as a model for tackling waste and energy deficits in emerging markets. 

The development phase will focus on waste studies, permitting, and early-stage infrastructure works to fast-track financial closure. Climate Investor Two is expected to fund up to 75% of construction equity. Additionally, a gender action plan and community development initiatives will ensure inclusive benefits. 

By leveraging blended finance, this project sets a precedent for climate-focused investment, driving Sierra Leone’s clean energy transition while supporting ESG goals and carbon neutrality efforts. 

Fuentes: 

https://esgnews.com/climate-fund-managers-and-infinitum-partner-on-30mw-waste-to-energy-project-in-sierra-leone/