About Investors in the Freetown Energy Storage Project
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6 FAQs about [Investors in the Freetown Energy Storage Project]
What is CFM's waste-to-energy project?
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 waste-to-energy project in Freetown, Sierra Leone. This initiative aims to tackle the country’s severe waste management and energy access issues.
What is Freetown's 'waste Transformers' solution?
The solution complements the city of Freetown’s award-winning waste management initiatives by converting about 20% of Freetown organic waste into electricity, heat and digestate to be sold as organic fertiliser. The Waste Transformers are a Dutch waste-to-value solution provider who has developed matching named ‘Waste Transformers’.
What is the infinitum energy project?
The Project, a partnership with Infinitum Energy Group (“Infinitum”), aims to address critical waste management and energy access challenges while contributing to Sierra Leone’s long-term climate and development goals.
How will a new waste management facility help Sierra Leone?
Sierra Leone’s energy crisis: New 30MW facility will generate 236.5 GWh of electricity from municipal waste. Climate impact: The project will prevent 94,000 tonnes of CO2 emissions annually. Economic boost: Expected to create 250 direct jobs and support 1,500 in the waste management sector.
Why should CFM invest in waste Transformers?
Tarun Brahma, CFMs Head of Investments, stated the following: “The Waste Transformers project provides a great opportunity for CFM to address the demand for waste treatment and electricity production in Sierra Leone, whilst also reducing waste going to landfills and providing jobs”
What is a waste-to-energy facility?
The new waste-to-energy facility will provide reliable baseload power, complementing the country’s existing hydropower supply and addressing energy shortages during the dry season.