Saudi-Canadian solar JV signs 3GW Nigeria deal

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A joint venture between Canadian developer SkyPower Global and Saudi Arabian firm FAS Energy has signed a 3GW solar development deal with Nigerian authorities.

SkyPower FAS Energy has agreements in place with the Federal Government of Nigeria and the Delta State Government to develop, construct and operate the plants.

Under the terms of the agreement, utility-scale projects would be built during the next five years with the first sites reaching commercial operation in 2015.

“The Nigerian government is pleased to partner with SkyPower FAS Energy and we look forward to creating more power and more jobs for the people of Nigeria,” said Ambassador Godknows Boladei Igali, permanent secretary, Nigerian federal ministry of power.

“Foreign investment in Nigeria helps build the economy and strengthen international ties with a well-respected and viable partner such as SkyPower FAS Energy,” added Igali.

The Saudi-Canadian firm has pledged to work with local firms to deliver the projects.

SkyPower claims to have built, assembled and acquired a total of 25GW of solar generation capacity globally.

FAS Energy, part of the retail and real estate firm Fawaz Alhokair Group, has a pipeline of 2,400MW across the Middle East and North Africa region.

Last month Hanergy announced plans for a 400MW PV power plant in Ghana.

A seperate proposal for 600MW plant and a 300MW manufacturing facility in Ghana were touted in February this year.

British firm Blue Energy is at an advanced stage in the development of a 155MW PV plant in Ghana.

PV Tech’s publisher Solar Media Limited, will host two Africa-focused events later this year. Doing Solar Business in East & West Africa, 3 June 2014, Munich, Germany and Solar & Off-Grid Renewables, West Africa, 16-17 September 2014, Accra, Ghana.

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