Dubai-based renewables firm AMEA Energy LLC has signed necessary agreements to grasp a 50-MW photo voltaic PV venture in Ivory Coast, the West African nation’s first venture to be applied as an impartial energy producer (IPP) scheme.
The corporate on Monday introduced the signing of a concession settlement and a 25-year energy buy settlement (PPA) with the Ivory Coast authorities, shifting the venture ahead.
The entire funding within the endeavor is estimated at round USD 60 million (EUR 55.3m). AMEA Energy will absolutely develop the venture beneath the build-own-operate and switch mannequin, it mentioned.
The photo voltaic farm will likely be positioned within the metropolis of Bondoukou within the north-eastern area of Gontougo. As soon as in operation, the ability plant will produce extra that 85 GWh per yr, which might be sufficient to satisfy consumption wants of round 350,000 folks, AMEA Energy mentioned.
Home electrical utility firm Compagnie Ivoirienne d’Electricite will off-take the output from the photo voltaic farm.
AMEA Energy’s more moderen work within the West Africa area embrace the announcement to develop a 50-MW photo voltaic farm in Togo with the addition of 20 MW of photo voltaic panels and a battery storage unit. The corporate can also be finalising the development of a photo voltaic venture in Burkina Faso and creating one other one in Mali, it added.
(USD 1.0 = EUR 0.922)