GCF backs US$537m scheme to lower credit barriers for solar (280MW) and wind (50MW) IPPs in African country, in year when Eskom’s woes have cast doubts over state-offtaker route.
Connection of plug-and-play hybrid to national grid will help reduce energy poverty in western African state, working to hit power capacity of 300MW by 2025.
32MW Djermaya is contracted to sell power to the diesel-monopolised national utility and will mark series of debuts for African state, including its first electricity private-public-partnership.
Strong PV growth was 'chief driver' of 24% rise in group-wide EBITDA between H1 2018 and H1 2019, says IPP as it notes this year’s European tender milestones.
Saudi firm, one of five firms to submit proposals for two World Bank-backed projects, said to have produced Africa-wide milestone with tariff of US$25.26/MWh.
Roll-out of about 30,000 PV systems is possible if private players step in to help, says Energy minister of country with almost non-existent solar sector despite 55GW potential.
