AMEA Energy obtains financing for 26.6-MW photo voltaic challenge in Burkina Faso

Might 10 (Renewables Now) – Dubai-based clear energy producer AMEA Energy introduced immediately it has achieved monetary shut for a 26.6-MW photo voltaic challenge in Burkina Faso.

AMEA Energy’s fully-owned unit Zina Solaire will probably be constructing the photo voltaic park within the village of Zina within the Mouhoun province. The power will have the ability to generate sufficient energy to fulfill the annual consumption of greater than 43,000 individuals.

The challenge has a 25-year energy buy settlement (PPA) with nationwide utility Sonabel, signed beneath a public-private partnership framework. It’s financed by the Worldwide Finance Company (IFC), the IFC-Canada Local weather Change Program and the Rising Africa Infrastructure Fund (EAIF), a member of the Personal Infrastructure Improvement Group (PIDG).

The West African nation is wanting so as to add over 500 MW of capability by 2025, based on Hussain Al Nowais, chairman of AMEA Energy.

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