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).
Country updates
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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...
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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...
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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...
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January 04, 2018
Scatec Solar is close to signing on US$55 million in debt for the development of the project
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July 21, 2017
Linklaters has been selected as advisor on the project
