Development lender announces 30 MW solar project in Burkina Faso – pv magazine International
Burkina Faso’s race to reach 200 MW of solar capacity this year has been spurred by the announcement this morning of plans for another 30 MW project near the town of Pennsylvania, 250 km south-east of Ouagadougou.
The facility will be 80% funded by a € 29 million loan from the London-based Infrastructure Fund for Emerging Africa (EAIF) and funded by the governments of the Netherlands, Switzerland, Sweden and from the United Kingdom.
The balance will be provided by the promoter, a Montpellier renewable energy company Urbasolar SAS, which belongs to the Swiss energy group Axpo. Urbasolar was selected as a developer after a call for tenders held by the energy buyer for the project, the Burkinabè public electricity company The National Electricity Company of Burkina Faso.
A press release issued this morning by the African public relations firm APO Group – on behalf of the multilateral nonprofit private infrastructure development group (PIDG) of which EAIF is a member – said the power plant in Pâ would help the West African nation to reach 200 MW. , the 2021 solar target set by the Burkinabé Ministry of Energy, Mines and Quarries, Bachir Ismaël Ouedraogo.
The press release says financial close of financing is expected “by the second quarter” and construction is expected to take 18 months, although no date has been given for the start of construction on a project. the cost of which is estimated at 35.4 million euros. The project will include monocrystalline panels and string inverters.
The APO Group statement said Burkina Faso expects 280 MW of new renewable energy capacity to be installed over the next three years.
London-based PIDG is funded by the International Finance Corporation private sector branch of the World Bank and the governments of the Netherlands, Sweden, Australia, Switzerland, Germany and the United Kingdom
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