The project is expected to cost approximately 47.2 billion CFA (around $81.5 million), and to have an annual production capacity of 118 GWh.
Funds totaling €36.7 million have been awarded by Germany’s development bank KfW and the European Union. The project is set to be located in Boundiali, in the northern part of the Sub-Saharan country.
Mini-grid solutions are becoming more popular to deliver electricity to rural areas. There are 1 billion people worldwide without access to electricity and off-grid solutions could be the cheapest and easiest solution for about 70% of them. It is estimated the market in the segment will be worth $64 billion by 2030.
The 25 MW project is planned for the town of Benguébougou, in the Korhogo department, in the north of the west African nation.
The French utility will now partner with U.S.-based Off Grid Electric in Ghana.
The Moroccan developer will construct the plant as an Independent Power Producer (IPP). The facility will be located in the north of the country.
The California-based provider of off-grid solar power in Africa rounded off an excellent 2016 for the company with a further $7.5 million in debt financing and a partnership with Rwanda’s national utility company, off the back of further expansion plans across Africa.
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