50 MW solar project in Mali achieves financial close

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Norton Rose Fulbright has announced that it has closed the financing facilities on a 50 MW solar PV plant in Sikasso, Mali for Akuo Energy.

The Kita solar farm is the French company's first project to begin construction in Africa and is the largest in west Africa. The project has been in development since 2014.

Financing has been provided by the Emerging Africa Infrastructure Fund Limited (acting through its agent and investment manager Investec Asset Management Proprietary Limited), Banque Ouest Africaine de Développement, Banque Nationale de Développement Agricole and Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V. (FMO).

List of the country updates

Country updates

  • June 13, 2018

    MoU signed for US$1 billion renewable projects in West Africa

    Multinational renewables developer Gigawatt Global Cooperatief has signed a Memorandum of Understanding with the Economic Community of West African States (ECOWAS) to invest US$1 billio...

    Read more
  • January 31, 2018

    Akuo Energy secures financing for Mali’s second solar park

    The Emerging Africa Infrastructure Fund (EAIF) and Akuo Energy have announced the signing of a financing package for a 50 MW solar power project in Mali. The Kita project is Mali’s sec...

    Read more
  • January 10, 2018

    Burkina Faso, Mali and Ghana Ministers of Energy to join TOTAL, CI-GNL, RLSF, APUA, ANARÉ and WAGPA at the Regional Energy Co-operation Summit in Côte d’Ivoire this January

    With confirmed participation of H.E Honourable Malick Alhousseini, H.E Honourable Professor Alfa Oumar Dissa, Ghana’s Ministry of Energy, Autorité Nationale de Régulation du Secteu...

    Read more
  • January 04, 2018

    Scatec Solar is close to signing on US$55 million in debt for the development of the project

  • July 21, 2017

    Linklaters has been selected as advisor on the project

Share this update