Gigawatt Global dedicates 8.5 MW solar plant in Rwanda

Feb 04, 2015 12:00 AM

Gigawatt Global has completed the construction and interconnection of a $23.7 million solar energy plant at the Agahozo-Shalom Youth Village (ASYV) in Rwanda.

The project was sustained by Africa Clean Energy Finance (ACEF) program for which US based Overseas Private Investment Corporation (OPIC) provided initial support.

Almost 12 months after the signing of the Power Purchase Agreement (PPA), the 8.5 Megawatt plant is going to be inaugurated on 5th February.

Rwanda’s minister of infrastructure, James Musoni, and the chief of staff of the OPIC, John Morton, will be present for the ribbon-cutting ceremony.

The project is expected to provide 15,000 homes in the region with clean power.

The Rwanda field, constructed in the shape of the African continent brought together an international consortium of financing partners.

The land is owned by the Agahozo-Shalom Youth Village, whose mission is to care for Rwanda’s most vulnerable children orphaned before and after the Rwandan genocide.

They have leased the land to build the solar facility, the fees from which will go for a portion of the village’s charitable expenses.

Debt was provided by FMO (Netherlands Development Finance Company) and the EAIF (Emerging Africa Infrastructure Fund).

Besides, mezzanine debt was provided by Norfund (the Norwegian Investment Fund for Developing Countries).

 

Scatec Solar served as the EPC contractor as well as the O&M provider.

In addition, Scatec Solar also arranged equity funds jointly with Norfund and KLP Norfund Investments.

Moreover, grants were received from OPIC’s ACEF grant and from the EEP (Energy and Environment Partnership) Program, a partnership of the British, Norwegian and Austrian governments.

Gigawatt Global’s 8.5 MW solar field in Rwanda is the first utility-scale project to reach financial close and come online under the Africa Clean Energy Finance (ACEF) program, which is now an integral part of the Power Africa Initiative.

Gigawatt Global is one of almost 90 private sector partners involved in the U.S. Government’s Power Africa Initiative, which is designed to increase access to electricity throughout all of sub-Saharan Africa.

 

Global Solar Panels Market 2015-2019
https://www.asdreports.com/market-research-report-169884/global-solar-panels-market?affid=33&utm_source=oilandgas&utm_medium=affiliate

Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« September 2019 »
September
MoTuWeThFrSaSu
1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30

Register to announce Your Event

View All Events