UAE-based Amea Power has finalised funding for a major solar-power plant in the Ivory Coast, as it helps address energy needs in West Africa's second-largest economy.
The $72 million, 50 megawatt Bondoukou solar PV project, in the north-eastern Gontougo region, is being financed by the Netherlands' FMO and Germany's DEG, Dubai-based Amea Power said on Wednesday.
The financial close "reflect[s] strong support from international development finance institutions" to help Ivory Coast’s renewable energy ambitions and Amea Power’s strategy to develop projects across Africa, it said.
Construction work, which began this year, has accelerated into the "full execution phase". The project, expected to be up and running in early 2027, will generate about 85G watt hours of clean electricity that would power around 358,000 homes and offset more than 52,000 tonnes of carbon dioxide emissions annually.
The company also n additional 50MW solar PV project in an advanced development stage in the Ivory Coast.
“By progressing early works ahead of financial close and now moving into full-scale execution, we are demonstrating our long-term commitment to the country’s clean energy transition," Amea Power chairman Hussain Al Nowais said.
Africa has nearly 20 per cent of the world’s population but lacks reli
Continue Reading on The National UAE
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.