InfraCo Africa commits US$3.1 million to Guinea’s first grid-connected solar project
By delivering power during daylight hours, the Khoumagueli PV project will complement the nearby 75MW Garafiri hydro plant. Credit: InfraCo Africa Twitter
InfraCo Africa has partnered France-based developer Solvéo Energie by committing up to US$3.1million for a 45% equity interest in the development of a 40MW solar project in the Republic of Guinea in West Africa.
InfraCo Africa, part of the multi-lateral Private Infrastructure Development Group (PIDG), also signed the Joint Development Agreement (JDA) with Solvéo Guinea Renewable Energy SA and Solvéo International Investments SARL.
The Khoumagueli Solar PV project, due to be Guinea’s first grid-connect PV plant, will add power to the country’s national grid, which has a current capacity of 566MW. The plant, located near the city of Linsan in the Province of Kindia, will connect to existing grid infrastructure.
Moreover, by delivering power during daylight hours, Khoumagueli will complement the nearby 75MW Garafiri hydro plant, enabling it to store water to run its turbines at full capacity overnight, which will increase the plant’s efficiency by up to 20%. The solar plant will also mitigate the effects of planned hydro plant refurbishments on outages.
The InfraCo investment will be used to fund early-stage development costs for the Khoumagueli project and provide an experienced resource through its contracted developer, Aldwych Africa Developments Ltd (AADL).
Kodjo Afidegnon, senior business development manager for West Africa, InfraCo Africa, said: “Khoumagueli Solar is an exciting project for InfraCo Africa and our partners as it adopts an innovative approach to the development of Guinea’s renewable energy sector; using solar to enhance the viability of the country’s existing hydro resource.”
InfraCo Africa is also co-financing a 50MW project with Access Power in Nigeria.
TechTalk Webinar: DSM Retrofit AR coating – profitable, reliable, bankable!
If you are a solar park owner, investor, or O&M engineer looking for ways to increase the power output of your older solar parks, DSM’s Retrofit AR coating is the turnkey solution for you. To find out how it can maximize power yield and increase your cashflow in 2020, join this webinar, where DSM and its ecosystem partners will discuss all the relevant features of this technology from the perspective of investors, maintenance engineers, and asset owners. The Retrofit AR coating, an offspring of DSM’s industry-leading Anti-Reflective coating, gives older, uncoated solar modules an instant power boost of up to 3%. Application is fast and reliable. Commercially launched in 2019, it has already been applied to 50MWp of installations in Europe, representing a strong vote of confidence for this innovative technology.
Also read...
-
Silfab Solar adding 20-40 new manufacturing jobs in US
-
State-owned Chinese firm to build 500MW of solar in Uganda
-
BP eyes low-carbon power boost as it sets 2050 net-zero ambition
-
#SFIEurope: How scale, sophistication, consolidation and globalisation will shape European solar
-
Ground broken on AMEA's 50MW Togo PV project, Urbasolar plans 30MW in Burkina Faso
Comments