The stock listed company has signed an agreement with CDIL, a Canadian renewable energy development company focused on Africa, and BPS, a Nigerian strategic consulting firm, securing the 100 MW (DC) Nova Scotia Power plant located in Jigawa State, Nigeria. The Nova Scotia project company, signed a 20-year Power Purchase Agreement (PPA) with the Nigerian Bulk Electricity Trading Plc (NBET). "Solar power in Nigeria has significant long-term potential, and we want to take part in the development of this new market”, Raymond Carlsen, CEO of Scatec Solar said.
Start of commercial operations by 2018
"We recognized the importance of partnering with a sponsor able to bring the project to financial close and with whom we share a long-term vision. We are proud of teaming up with Scatec Solar, who has demonstrated its unique ability to deliver similar projects in Africa”, said Arif Mohiuddin, President and CEO of CPCS, the parent company of CDIL. Scatec Solar will develop, build, own and operate the solar power plant in Jigawa. The project is expected to reach financial close in 2017 and commercial operations 12 months thereafter.
33 MW solar farm in Mali
In partnership with the Malian government Scatec Solar realizes the biggest PV plant in the West African country. It has a planned capacity of 33 MW and is expected to cover over five percent of Mali`s electricity demand. The $58-million Ségou plant is being financed with help of the World Bank. The solar electricity is fed into the national grid of EDM (the national energy company Energie du Mal).
Focus on Africa and MENA
Currently Scatec Solar has also a 22 MW solar park under construction Jordan and has realized utility scale PV installations in South-Africa and Rwanda.The company develops, builds, owns, operates and maintains solar power plants, and already has an installation track record of close to 600 MW. Half of the capacity is located in Africa. (HCN)
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