AMEA Power gets financing for 26.6-MW solar project in Burkina Faso
May 10, 2022 02:02 PM ET
- Dubai-based clean power manufacturer AMEA Power revealed today it has actually attained financial close for a 26.6-MW solar project in Burkina Faso.
AMEA Power's fully-owned unit Zina Solaire will certainly be building the solar park in the village of Zina in the Mouhoun province. The facility will have the ability to produce sufficient power to satisfy the yearly usage of more than 43,000 individuals.
The project has a 25-year power purchase contract (PPA) with nationwide utility Sonabel, signed under a public-private partnership framework. It is funded by the International Finance Corporation (IFC), the IFC-Canada Climate Change Program and also the Emerging Africa Framework Fund (EAIF), a member of the Private Facilities Development Group (PIDG).
The West African country is wanting to include over 500 MW of capacity by 2025, according to Hussain Al Nowais, chairman of AMEA Power.
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