PROJECT

Projects

Environmental & Social Review Summary

Project Number

46568

Company Name

RELEASE UTILITIES AFRICA HOLDING B.V.

Date ESRS Disclosed

May 13, 2023

Country

Africa Region

Region

Africa

Last Updated Date

Dec 31, 2025

Environmental Category

B - Limited

Status

Active

Previous Events

Approved : Jul 27, 2023
Signed : Dec 12, 2023
Invested : Dec 29, 2025

Sector

Solar - Renewable Energy Generation

Industry

Infrastructure

Department

Regional Industry - INF Africa

Project Description

 Scatec (https://Scatec.com/) is a leading global renewable energy developer specializing in the development, construction, ownership, and operation of solar, wind, and hydro power plants, as well as battery storage solutions. With more than 4.6 GW in operation and under construction across four continents, Scatec has established a wholly-owned subsidiary, Release. Release focuses on designing, financing, and installing scalable solar power plants and battery storage, leasing out the equipment on short- or long-term contracts.

IFC aims to support up to US$165 million in financing to facilitate the deployment of modular solar and battery storage systems under Release's leasing model. This model targets public utilities in International Development Association (“IDA”)/ Fragile and Conflict-Affected Situations (“FCS”) countries in Sub-Saharan Africa, with an initial rollout planned for West and Central Africa (the Project). Release intends to replicate this rapid deployment model to address shortfalls in local grid power supplies throughout the region.

Release currently has three assets in various stages of completion, ranging from near-completion in Cameroon to pre-preparatory works in Chad. These assets are developed utilizing a rolling delivery model of build, connect, and deliver:

  1. Cameroon: The development of two 15 MW PV stations (Guider and Maroua) in partnership with Cameroon's main power provider, ENEO, as the owner/operator.
  2. Chad: The project involves the development of a 30 MW PV station southeast of N'Djamena, Chad, with Société National d'Eléctricité (SNE) as the owner/operator. The project is in the early development stage, with site identification completed.

Release is actively exploring additional opportunities in Liberia, Sierra Leone, and Ghana.           

Overview of IFC's Scope of Review

 IFC's review of the proposed investment focused on evaluating the environmental, health and safety (EHS), and social aspects of the project. This process involved examining documentation provided by Scatec, including the company's corporate E&S policies and procedures, sustainability report, environmental and social management system (ESMS), human resources management procedures, employee handbook, codes of conduct, corporate grievance procedures, environmental monitoring requirements, and emergency response requirements.

Site visits were conducted to the two assets in Cameroon and Release's asset in Chad in January 2023. These visits aimed to assess key project components and each asset's area of influence, while also engaging in discussions with client management, staff, and contractors. In addition, meetings were held with relevant stakeholders, such as representatives from affected communities, to gather their input and perspectives on the project.   

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Broad Community Support

Environmental & Social Action Plan